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LEASES (Tables)
 9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Leased Branch Properties
Leased branch properties at September 30, 2023 and December 31, 2022 consist of the following (in thousands):
September 30, 2023December 31, 2022
Operating lease right-of-use asset$6,449 $7,234 
Less: accumulated amortization(599)(785)
Less: lease termination— — 
Add: new lease agreement and modifications— — 
Operating lease right-of-use-assets, net$5,850 $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 September 30, 2023 (in thousands):
YearAmount
2023$249 
2024924 
2025841 
2026845 
2027854 
2028 and thereafter3,168 
Total minimum lease payments6,881 
Less: amount representing interest(853)
Present value of net minimum lease payments$6,028 
Schedule of Leases in Premises and Equipment The Corporation has included these leases in premises and equipment as of September 30, 2023 and December 31, 2022 as follows (in thousands):
September 30, 2023December 31, 2022
Buildings$5,572 $5,572 
Less: accumulated depreciation(2,789)(2,540)
Net book value$2,783 $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 September 30, 2023 (in thousands):
YearAmount
2023$98 
2024391 
2025409 
2026425 
2027428 
2028 and thereafter1,987 
Total minimum lease payments3,738 
Less: amount representing interest(618)
Present value of net minimum lease payments$3,120