XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.23.3

PREMISES AND EQUIPMENT | 9 Months Ended
--- | ---
Sep. 30, 2023
PREMISES AND EQUIPMENT |
PREMISES AND EQUIPMENT | NOTE 9: PREMISES AND EQUIPMENT Major classifications of premises and equipment, stated at cost, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ |  | 2023 |  | 2022
​ | ​ | (In Thousands)
Land | ​ | $ | 39,617 | ​ | $ | 39,622
Buildings and improvements | ​ |  | 106,988 | ​ |  | 105,096
Furniture, fixtures and equipment | ​ |  | 70,035 | ​ |  | 67,505
Operating leases right of use asset | ​ |  | 6,900 | ​ |  | 7,397
​ | ​ |  | 223,540 | ​ |  | 219,620
Less: accumulated depreciation | ​ |  | 83,647 | ​ |  | 78,550
| ​ | $ | 139,893 | ​ | $ | 141,070
​ Leases. In 2019, the Company adopted ASU 2016-02, Leases (Topic 842). Adoption of this ASU resulted in the Company initially recognizing a right of use asset and corresponding lease liability of $9.5 million. The amount of the right of use asset and corresponding lease liability will fluctuate based on the Company’s lease terminations, new leases and lease modifications and renewals. As of September 30, 2023, the lease right of use asset value was $6.9 million and the corresponding lease liability was $7.1 million. As of December 31, 2022, the lease right of use asset value was $7.4 million and the corresponding lease liability was $7.6 million. At September 30, 2023, expected lease terms ranged from 0.6 years to 15.2 years with a weighted-average lease term of 7.0 years. The weighted-average discount rate at September 30, 2023 was 3.76%. For the three months ended September 30, 2023 and 2022, lease expense was $446,000 and $408,000, respectively. For the nine months ended September 30, 2023 and 2022, lease expense was $1.3 million and $1.2 million, respectively. The Company’s short-term leases related to offsite ATMs have both fixed and variable lease payment components, based on the number of transactions at the various ATMs. The variable portion of these lease payments is not material and the total lease expense related to ATMs for the three months ended September 30, 2023 and 2022 was $84,000 and $80,000, respectively. The total lease expense related to ATMs for the nine months ended September 30, 2023 and 2022 was $234,000 and $228,000, respectively. The Company does not sublease any of its leased facilities; however, it does lease to other parties portions of facilities that it owns. In terms of being the lessor in these circumstances, all of these lease agreements are classified as operating leases. In the three months ended September 30, 2023 and 2022, income recognized from these lease agreements was $326,000 and $300,000, respectively, and was included in occupancy and equipment expense. In the nine months ended September 30, 2023 and 2022, income recognized from these lease agreements was $975,000 and $890,000, respectively, and was included in occupancy and equipment expense. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, 2023 |  | December 31, 2022
​ | ​ | (In Thousands)
Statement of Financial Condition | ​ | ​ | ​ | ​ | ​ | ​
Operating leases right of use asset | ​ | $ | 6,900 | ​ | $ | 7,397
Operating leases liability | ​ | $ | 7,146 | ​ | $ | 7,599
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the Three Months Ended
​ | ​ | September 30, 2023 |  | September 30, 2022
​ | ​ | (In Thousands)
Statement of Income | ​ | ​ | ​ | ​ | ​ | ​
Operating lease costs classified as occupancy and equipment expense (includes short-term lease costs and amortization of right of use asset) | ​ | $ | 446 | ​ | $ | 408
​ | ​ | ​ | ​ | ​ | ​ | ​
Supplemental Cash Flow Information | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Operating cash flows from operating leases | ​ | $ | 439 | ​ | $ | 400
Right of use assets obtained in exchange for lease obligations: | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ |  | — | ​ | ​ | 618
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Nine Months Ended
​ |  | September 30, 2023 |  | September 30, 2022
​ | ​ | (In Thousands)
Statement of Income | ​ |  | ​ | ​ |  | ​
Operating lease costs classified as occupancy and equipment expense (includes short-term lease costs and amortization of right of use asset) | ​ | $ | 1,289 | ​ | $ | 1,166
​ | ​ | ​ | ​ | ​ | ​ | ​
Supplemental Cash Flow Information | ​ |  | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of lease liabilities: | ​ |  | ​ | ​ | ​ | ​
Operating cash flows from operating leases | ​ | $ | 1,234 | ​ | $ | 1,141
Right of use assets obtained in exchange for lease obligations: | ​ |  | ​ | ​ | ​ | ​
Operating leases | ​ | ​ | 296 | ​ | ​ | 618
​ At September 30, 2023, future expected lease payments for leases with terms exceeding one year were as follows (In Thousands): ​
​ | ​ | ​ | ​
2023 |  | $ | 356
2024 | ​ |  | 1,313
2025 | ​ |  | 1,297
2026 | ​ |  | 1,241
2027 | ​ |  | 1,173
2028 | ​ | ​ | 900
Thereafter | ​ |  | 1,899
​ | ​ | ​ | ​
Future lease payments expected | ​ |  | 8,179
​ | ​ | ​ | ​
Less: interest portion of lease payments | ​ |  | (1,033)
​ | ​ | ​ | ​
Lease liability | ​ | $ | 7,146
​

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration