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BRANCH RESTRUCTURING COSTS | 6 Months Ended
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Jun. 30, 2021
BRANCH RESTRUCTURING COSTS |
BRANCH RESTRUCTURING COSTS | 19.BRANCH RESTRUCTURING COSTS On June 29, 2021, the Company issued a press release announcing that the Bank plans to combine five branch locations into other existing branches. The combinations are expected to take place in October 2021. Costs associated with early lease terminations and accelerated depreciation of fixed assets totaled $1.7 million for the three and six months ended June 30, 2021, and were recorded in branch restructuring costs in the consolidated statements of income. There were no branch restructuring costs for the three or six months periods ended June 30, 2020. ​

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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