PREMISES AND EQUIPMENT (Tables)

3 Months Ended

Mar. 31, 2024

PREMISES AND EQUIPMENT

Schedule of major classifications of premises and equipment, stated at cost

	March 31,		December 31,
	2024		2023
	(In Thousands)
Land	$	39,274	$	39,617
Buildings and improvements		106,787		107,602
Furniture, fixtures and equipment		70,227		70,162
Operating leases right of use asset		6,623		6,621
		222,911		224,002
Less: accumulated depreciation		86,635		85,411
	$	136,276	$	138,591

Schedule of information about operating lease

	March 31, 2024		December 31, 2023
	(In Thousands)
Statement of Financial Condition
Operating leases right of use asset	$	6,623	$	6,621
Operating leases liability	$	6,841	$	6,870
	For the Three Months Ended
	March 31, 2024		March 31, 2023
	(In Thousands)
Statement of Income
Operating lease costs classified as occupancy and equipment expense (includes short-term lease costs and amortization of right of use asset)	$	483	$	411
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	514	$	405
Right of use assets obtained in exchange for lease obligations:
Operating leases	$	275	$	296

Schedule of future expected lease payments for leases with terms exceeding one year

At March 31, 2024, future expected lease payments for leases with terms exceeding one year were as follows (In Thousands):

2024	$	917
2025		1,204
2026		1,225
2027		1,173
2028		900
2029		581
Thereafter		1,988
Future lease payments expected		7,988
Less: interest portion of lease payments		(1,147)
Lease liability	$	6,841