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LEASES (Tables)
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Schedule of Leased Branch Properties
Leased branch properties at June 30, 2022 and December 31, 2021 consist of the following (in thousands):
June 30, 2022December 31, 2021
Operating lease right-of-use asset$7,234 $7,145 
Less: accumulated amortization(393)(759)
Less: lease termination— (313)
Add: new lease agreement and modifications— 1,161 
Operating lease right-of-use-assets, net$6,841 $7,234 
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, 2022 (in thousands):
YearAmount
2022$487 
2023992 
2024924 
2025841 
2026845 
2027 and thereafter4,021 
Total minimum lease payments8,110 
Less: amount representing interest(1,112)
Present value of net minimum lease payments$6,998 
Schedule of Leases in Premises and Equipment The Corporation has included these leases in premises and equipment as of June 30, 2022 and December 31, 2021 as follows (in thousands):
June 30, 2022December 31, 2021
Buildings$5,572 $5,572 
Less: accumulated depreciation(2,374)(2,208)
Net book value$3,198 $3,364 
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, 2022 (in thousands):
YearAmount
2022$195 
2023391 
2024391 
2025409 
2026425 
2027 and thereafter2,417 
Total minimum lease payments4,228 
Less: amount representing interest(767)
Present value of net minimum lease payments$3,461