Leases Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Lease, Cost [Table Text Block]

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

		December 31,
		2020						2019
(In thousands)	Consolidated Statements of Condition Line Item	Operating Leases		Finance Leases		Total		Operating Leases		Finance Leases		Total
Right-of-use assets	Other Assets	$	13,608	$	4,951	$	18,559	$	13,002	$	1,502	$	14,504
Lease liabilities	Other Liabilities	11,845		4,928		16,773		13,059		1,665		14,724

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

	For the Year Ended December 31,
(In thousands)	2020		2019
Lease Cost:
Operating lease cost(1)	$	1,663	$	1,480
Finance lease cost:
Amortization of right-of-use assets	223		110
Interest on lease liabilities(2)	151		68
Total finance lease cost	374		178
Total lease cost(3)	$	2,037	$	1,658

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

(2)    Includes immaterial variable lease costs.

(3)    Reported within net occupancy costs on the consolidated statements of income.

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 periods indicated:

	For the Year Ended December 31,
(In thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,434	$	1,394
Operating cash flows from finance leases	151		68
Financing cash flows from finance leases	142		106
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases(1)	$	2,002	$	14,030
Finance leases(1)	3,668		1,612

(1)     For the year ended December 31, 2019, includes $10.5 million of operating leases and $1.6 million of finance leases recorded upon adoption of ASU 2016-02.

Supplemental information related to leases was as follows as of the dates indicated:

	December 31,
	2020		2019
Weighted average remaining lease term (years):
Operating leases	15.4 years		15.2 years
Finance leases	27.0 years		22.4 years
Weighted average discount rate:
Operating leases	3.40	%	3.39	%
Finance leases	3.44	%	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, 2020:

(In thousands)	Operating Leases		Finance Leases
2021	$	1,329	$	306
2022	1,310		309
2023	1,192		312
2024	1,151		314
2025	926		317
Thereafter	9,374		6,179
Total minimum lease payments	15,282		7,737
Less: amount representing interest(1)	3,437		2,809
Present value of net minimum lease payments(2)	$	11,845	$	4,928

(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, 2020:

(In thousands)	Operating Leases		Finance Leases
2021	$	1,329	$	306
2022	1,310		309
2023	1,192		312
2024	1,151		314
2025	926		317
Thereafter	9,374		6,179
Total minimum lease payments	15,282		7,737
Less: amount representing interest(1)	3,437		2,809
Present value of net minimum lease payments(2)	$	11,845	$	4,928

(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.