Leases Leases (Tables)

12 Months Ended

Dec. 31, 2019

The following right-of-use assets and lease liabilities have been reported within other assets and other liabilities on the consolidated statements of condition for the period indicated:



		December 31, 2019
(In thousands)	Balance Sheet Line Item	Operating Leases		Finance Leases		Total
Right-of-use assets	Other Assets	$	13,002	$	1,502	$	14,504
Lease liabilities	Other Liabilities	13,059		1,665		14,724

In accordance with ASC 842, the components of lease expense for the periods indicated were as follows:



(In thousands)	For the Year Ended December 31, 2019
Lease Cost:
Operating lease cost⁽¹⁾	$	1,480
Finance lease cost:
Amortization of right-of-use assets	110
Interest on lease liabilities⁽²⁾	68
Total finance lease cost	178
Total Lease Cost⁽³⁾	$	1,658


(1)	Includes immaterial short-term and variable lease costs, but excludes common area maintenance costs.


(2)	Includes immaterial variable lease costs.

Supplemental Cash Flow And Balance Sheet Information [Table Text Block]

Supplemental cash flow information and non-cash activity related to leases was as follows for the period indicated:



(In thousands)	For the Year Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,394
Operating cash flows from finance leases	68
Financing cash flows from finance leases	106
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases⁽¹⁾	$	14,030
Finance leases⁽¹⁾	1,612


(1)	Reflects right-of-use assets recorded for the period indicated, including $10.5 million of operating leases and $1.6 million of finance leases recorded upon adoption of ASU 2016-02, as of January 1, 2019.

Supplemental balance sheet information related to leases was as follows as of the date indicated:



	December 31, 2019
Weighted average remaining lease term (years):
Operating leases	15.2 years
Finance leases	22.4 years
Weighted average discount rate:
Operating leases	3.39	%
Finance leases	4.00	%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following summarizes the remaining scheduled future minimum lease payments for operating and finance leases as of December 31, 2019:



(In thousands)	Operating Leases		Finance Leases
2020	$	1,452	$	174
2021	1,374		174
2022	1,363		174
2023	1,239		174
2024	1,200		174
Thereafter	10,342		1,922
Total minimum lease payments	16,970		2,792
Less: amount representing interest⁽¹⁾	3,911		1,127
Present value of net minimum lease payments⁽²⁾	$	13,059	$	1,665


(1)	Amount necessary to reduce net minimum lease payments to present value calculated at the Company's incremental borrowing rate.


(2)	Reflects the liability reported within other liabilities on the consolidated statements of condition.

Finance Lease, Liability, Maturity [Table Text Block]

The following summarizes the remaining scheduled future minimum lease payments for operating and finance leases as of December 31, 2019:



(In thousands)	Operating Leases		Finance Leases
2020	$	1,452	$	174
2021	1,374		174
2022	1,363		174
2023	1,239		174
2024	1,200		174
Thereafter	10,342		1,922
Total minimum lease payments	16,970		2,792
Less: amount representing interest⁽¹⁾	3,911		1,127
Present value of net minimum lease payments⁽²⁾	$	13,059	$	1,665


(1)	Amount necessary to reduce net minimum lease payments to present value calculated at the Company's incremental borrowing rate.


(2)	Reflects the liability reported within other liabilities on the consolidated statements of condition.

Schedule Of Future Minimum Lease Payments For Operating And Capital Leases [Table Text Block]

The following summarizes expected future minimum lease payments, in accordance with ASC 840, as of December 31, 2018:



(In thousands)	Operating		Capital
2019	$	1,420	$	179
2020	941		179
2021	726		182
2022	539		184
2023	434		184
Thereafter	1,268		1,592
Total minimum lease payments	$	5,328	2,500
Less: amount representing interest⁽¹⁾			920
Present value of net minimum lease payments⁽²⁾			$	1,580


(1)	Amount necessary to reduce net minimum lease payments to present value calculated at the Company's incremental borrowing rate at lease inception.


(2)	Reflects the liability reported within long-term borrowings on the consolidated statements of condition at December 31, 2018.