XML 33 R21.htm IDEA: XBRL DOCUMENT v3.20.4
LEASES
12 Months Ended
Dec. 31, 2020
LEASES  
LEASES

Note 14 — LEASES:  

The Company leases certain buildings, land and equipment that are classified as operating leases. These leases have remaining lease terms of up to approximately 3 years. In the fourth quarter and twelve months of 2020 and 2019, operating lease cost and cash paid for operating lease liabilities totaled $271 and $258, respectively, and $1,023 and $1,004, respectively, which is classified in cash flows from operating activities. As of December 31, 2020 and 2019, operating lease right-of-use assets and operating lease liabilities were both $858 and $1,580, respectively. The weighted-average remaining lease term related to these operating leases was approximately 0.7 years and 1.6 years as of December 31, 2020 and 2019, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.0% and 3.1% as of December 31, 2020 and 2019, respectively. Maturities of operating lease liabilities at December 31, 2020 are as follows: $717 in 2021, $137 in 2022, and $4 in 2023.

The Company, as lessor, rents certain commercial real estate to third party lessees. The December 31, 2020 and 2019 cost related to these leased properties was $51,426 and $36,378, respectively, and the accumulated depreciation related to these leased properties was $14,784 and $10,252, respectively. Terms of certain such leases, including renewal options, may be extended for up to approximately sixty years, many of which provide for periodic adjustment of rent payments based on changes in consumer or other price indices. The Company recognizes lease income on a straight-line basis over the lease term. Lease income in fourth quarter and twelve months 2020 and 2019 was $863 and $718, respectively, and $3,191 and $2,951, respectively, and is classified in cash flows from operating activities.