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Premises and Equipment and Leases (Tables)
12 Months Ended
Dec. 31, 2020
Property Plant And Equipment [Abstract]  
Property, plant and equipment

Premises and equipment are summarized as follows:

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(In Thousands)

 

Cost:

 

 

 

 

 

 

 

 

Land

 

$

13,382

 

 

$

8,137

 

Land improvements

 

 

1,326

 

 

 

1,326

 

Buildings

 

 

58,426

 

 

 

44,707

 

Leasehold improvements

 

 

3,616

 

 

 

969

 

Furniture, fixtures and equipment

 

 

37,138

 

 

 

25,703

 

Construction in process

 

 

2,538

 

 

 

990

 

 

 

 

116,426

 

 

 

81,832

 

Less allowances for depreciation and amortization

 

 

(57,761

)

 

 

(42,269

)

 

 

$

58,665

 

 

$

39,563

 

Schedule of Undiscounted Cash Flows Included in Lease Liabilities

Undiscounted cash flows included in lease liabilities have expected contractual payments at December 31, 2020 as follows:

 

(in thousands)

 

 

 

 

2021

 

$

2,429

 

2022

 

 

2,413

 

2023

 

 

2,021

 

2024

 

 

1,638

 

2025

 

 

1,412

 

Thereafter

 

 

15,020

 

Total undiscounted minimum lease payments

 

$

24,933

 

Present value adjustment

 

 

(7,167

)

Total lease liabilities

 

$

17,766