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LEASES (Tables) | 6 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Schedule Of Operating And Finance Lease Liabilities |
Leases |  | Classification |  | June 30, 2022 |  | December 31, 2021
Assets: |  |  |  |  |  |
Operating lease assets |  | Operating lease assets |  | $ | 25,471 |  |  | $ | 19,928 |
Finance lease assets |  | Premises and equipment, net (1) |  | 322 |  |  | 358 |
Total leased assets |  |  |  | $ | 25,793 |  |  | $ | 20,286 |
Liabilities: |  |  |  |  |  |
Operating lease liabilities |  | Operating lease liabilities |  | $ | 26,785 |  |  | $ | 21,159 |
Finance lease liabilities |  | Accrued interest payable and other liabilities |  | 426 |  |  | 469 |
Total leased liabilities |  |  |  | $ | 27,211 |  |  | $ | 21,628 |
(1) Finance lease assets are recorded net of accumulated amortization of $894 thousand as of June 30, 2022 and $858 thousand as of December 31, 2021.
Schedule Of Lease Cost | The components of the Corporation's net lease expense for the three and six months ended June 30, 2022 and 2021, respectively, were as follows:
|  |  |  | Three Months Ended June 30, |  | Six Months Ended June 30,
Lease Cost |  | Classification |  | 2022 |  | 2021 |  | 2022 |  | 2021
Operating lease cost |  | Net occupancy expense |  | $ | 566 |  |  | $ | 437 |  |  | $ | 1,058 |  |  | $ | 877 |
Variable lease cost |  | Net occupancy expense |  | 17 |  |  | 18 |  |  | 30 |  |  | 35 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |
Amortization of leased assets |  | Net occupancy expense |  | 18 |  |  | 18 |  |  | 36 |  |  | 36 |
Interest on lease liabilities |  | Interest expense - borrowed funds |  | 5 |  |  | 6 |  |  | 10 |  |  | 12 |
Sublease income (1) |  | Net occupancy expense |  | (17) |  |  | (19) |  |  | (33) |  |  | (38) |
Net lease cost |  |  |  | $ | 589 |  |  | $ | 460 |  |  | $ | 1,101 |  |  | $ | 922 |
(1) Sublease income excludes rental income from owned properties.
Finance Lease, Liability, Maturity | The following table sets forth future minimum rental payments under noncancellable leases with initial terms in excess of one year as of June 30, 2022:
Maturity of Lease Liabilities as of June 30, 2022 |  | Operating Leases (1) |  | Finance Leases |  | Total
2022 |  | $ | 1,024 |  |  | $ | 52 |  |  | $ | 1,076 |
2023 |  | 1,961 |  |  | 105 |  |  | 2,066 |
2024 |  | 1,890 |  |  | 105 |  |  | 1,995 |
2025 |  | 1,883 |  |  | 105 |  |  | 1,988 |
2026 |  | 1,854 |  |  | 105 |  |  | 1,959 |
After 2026 |  | 30,622 |  |  | 0 |  | 30,622 |
Total lease payments |  | 39,234 |  |  | 472 |  |  | 39,706 |
Less: Interest |  | 12,449 |  |  | 46 |  |  | 12,495 |
Present value of lease liabilities |  | $ | 26,785 |  |  | $ | 426 |  |  | $ | 27,211 |
(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $7.8 million of legally binding minimum lease payments for leases signed, but not yet commenced.
Summary of Minimum Annual Rental Commitments Under Operating Lease | The following table sets forth future minimum rental payments under noncancellable leases with initial terms in excess of one year as of June 30, 2022:
Maturity of Lease Liabilities as of June 30, 2022 |  | Operating Leases (1) |  | Finance Leases |  | Total
2022 |  | $ | 1,024 |  |  | $ | 52 |  |  | $ | 1,076 |
2023 |  | 1,961 |  |  | 105 |  |  | 2,066 |
2024 |  | 1,890 |  |  | 105 |  |  | 1,995 |
2025 |  | 1,883 |  |  | 105 |  |  | 1,988 |
2026 |  | 1,854 |  |  | 105 |  |  | 1,959 |
After 2026 |  | 30,622 |  |  | 0 |  | 30,622 |
Total lease payments |  | 39,234 |  |  | 472 |  |  | 39,706 |
Less: Interest |  | 12,449 |  |  | 46 |  |  | 12,495 |
Present value of lease liabilities |  | $ | 26,785 |  |  | $ | 426 |  |  | $ | 27,211 |
(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $7.8 million of legally binding minimum lease payments for leases signed, but not yet commenced.
Schedule of Weighted Average Lease Term and Discount Rate | Lease terms and discount rates related to the Corporation's lease liabilities as of June 30, 2022 and December 31, 2021 were as follows:
Lease Term and Discount Rate |  | June 30, 2022 |  | December 31, 2021
Weighted-average remaining lease term (years) |  |  |  |
Operating leases |  | 22.1 |  | 18.8
Finance leases |  | 4.5 |  | 5.0
Weighted-average discount rate |  |  |  |
Operating leases |  | 3.37 | % |  | 3.42 | %
Finance leases |  | 4.49 | % |  | 4.49 | %
Other information related to the Corporation's lease liabilities as of June 30, 2022 and 2021, respectively, was as follows:
Other Information |  | June 30, 2022 |  | June 30, 2021
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows from operating leases |  | $ | 581 |  |  | $ | 452 |

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