LEASES (Tables)

3 Months Ended

Mar. 31, 2020

LEASES

Summary of lease costs

	Three Months Ended
(In thousands)	March 31, 2020		March 31, 2019
Lease cost
Operating lease cost	$	1,938	$	1,663
Sublease income		(11)		(24)
Total lease cost	$	1,927	$	1,639

Summary of supplemental cash flow and balance sheet information related to operating leases

	Three Months Ended
(Dollars in thousands)	March 31, 2020		March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	1,794	$	1,669
Operating right-of-use assets obtained in exchange for lease liabilities	$	—	$	—

	March 31, 2020			December 31, 2019
Weighted-average remaining lease term-operating leases		7.9	years	7.8	years
Weighted-average discount rate-operating leases (1)		3.20	%	3.20	%

1) The Company computes the present value of operating lease liabilities using its incremental borrowing rate as the discount rate.

Summary of maturities of operating lease liabilities

(In thousands)	March 31, 2020		December 31, 2019
2020	$	5,170	$	7,011
2021		6,878		6,974
2022		6,753		6,802
2023		5,853		5,853
2024		5,594		5,595
Thereafter		20,577		20,324
Total operating lease payments	$	50,825	$	52,559
Less: Interest		(6,254)		(6,582)
Present value of operating lease liabilities	$	44,571	$	45,977