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LEASES (Tables)
 6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Schedule of Leased Branch Properties
Leased branch properties at June 30, 2021 and December 31, 2020 consist of the following (in thousands):
June 30, 2021December 31, 2020
Operating lease right-of-use asset$7,145 $8,001 
Less: accumulated amortization(370)(705)
Change in lease agreements499 (151)
Operating lease right-of-use-assets, net$7,274 $7,145 
Schedule of Undiscounted Cash Flows of the Operating Lease Liabilities
The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, excluding CAM charges, as of June 30, 2021 (in thousands):
YearAmount
2021$482 
2022970 
2023989 
2024923 
2025841 
2026 and thereafter4,502 
Total minimum lease payments8,707 
Less: amount representing interest(1,298)
Present value of net minimum lease payments$7,409 
Schedule of Leases in Premises and Equipment The Corporation has included these leases in premises and equipment as of June 30, 2021 and December 31, 2020 as follows (in thousands):
June 30, 2021December 31, 2020
Buildings$5,572 $5,572 
Less: accumulated depreciation(2,042)(1,875)
Net book value$3,530 $3,697 
Schedule of Future Minimum Financial Lease Payments
The following is a schedule by year of future minimum lease payments under the capitalized lease, together with the present value of net minimum lease payments as of June 30, 2021 (in thousands):
YearAmount
2021$195 
2022391 
2023391 
2024391 
2025409 
2026 and thereafter2,840 
Total minimum lease payments4,617 
Less: amount representing interest(893)
Present value of net minimum lease payments$3,724