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LEASES (Tables)
 6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Schedule of Leased Branch Properties
Leased branch properties at June 30, 2023 and December 31, 2022 consist of the following (in thousands):
June 30, 2023December 31, 2022
Operating lease right-of-use asset$6,449 $7,234 
Less: accumulated amortization(399)(785)
Less: lease termination— — 
Add: new lease agreement and modifications— — 
Operating lease right-of-use-assets, net$6,050 $6,449 
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, 2023 (in thousands):
YearAmount
2023$498 
2024924 
2025841 
2026845 
2027854 
2028 and thereafter3,169 
Total minimum lease payments7,131 
Less: amount representing interest(903)
Present value of net minimum lease payments$6,228 
Schedule of Leases in Premises and Equipment The Corporation has included these leases in premises and equipment as of June 30, 2023 and December 31, 2022 as follows (in thousands):
June 30, 2023December 31, 2022
Buildings$5,572 $5,572 
Less: accumulated depreciation(2,706)(2,540)
Net book value$2,866 $3,032 
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, 2023 (in thousands):
YearAmount
2023$195 
2024391 
2025409 
2026425 
2027428 
2028 and thereafter1,988 
Total minimum lease payments3,836 
Less: amount representing interest(647)
Present value of net minimum lease payments$3,189