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PREMISES AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

Schedule of Premises and Equipment Including Finance Lease Right of Use Assets

The following table presents premises and equipment as of December 31,

(In thousands)		2020				2019
Land and land improvements		$	6,332			$	6,332
Buildings			12,749				12,741
Furniture and equipment			22,911				21,594
Leasehold improvements			13,479				12,228
Projects in progress			555				475
			56,026				53,370
Less: accumulated depreciation			34,417				32,457
Total		$	21,609			$	20,913

The Company has classified capital leases as a finance lease right-of-use asset under the new lease guidance for 2019.  

The following table presents finance lease right-of-use assets as of December 31,

(In thousands)		2020				2019
Land and buildings		$	11,237			$	11,237
Less: accumulated depreciation			6,907				6,159
Total		$	4,330			$	5,078

Schedule of Future Minimum Lease Payments Under Finance Lease Right-of-Use Asset

The following is a schedule by year of future minimum lease payments under finance lease right-of-use asset, together with the present value of net minimum lease payments as of December 31, 2020:

(In thousands)
2021		$	1,233
2022			1,391
2023			1,456
2024			1,456
2025			939
Thereafter			1,344
Total minimum lease payments			7,819
Less: amount representing interest			1,066
Present value of net minimum lease payments		$	6,753

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
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- References

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
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