PREMISES AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2019

PREMISES AND EQUIPMENT [Abstract]

Year-end Premises and Equipment

Year-end premises and equipment were as follows:

	2019			2018
Land and improvements	$	7,500		$	7,200
Buildings and leasehold improvements		26,777			26,033
Furniture and equipment		12,224			11,623
Assets purchased not yet placed in service		560			424
		47,061			45,280
Less: accumulated depreciation		(16,956	)		(15,895	)
Premises and equipment owned, net		30,105			29,385
Right of use asset related to operating leases (detailed below)		7,152			-
Premises and equipment owned, net	$	37,257		$	29,385

Future Minimum Rental Commitments under Operating Leases

The following table summarizes the future minimum rental commitments under operating leases:

2020	$	1,059
2021		1,013
2022		995
2023		778
2024		678
2025 and thereafter		3,495
Total undiscounted cash flows		8,018
Discounted cash flows		(866	)
Total lease liability	$	7,152