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PREMISES AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2021
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)

 

2021

 

 

2020

 

Land and land improvements

 

$

6,947

 

 

$

6,332

 

Buildings

 

 

13,404

 

 

 

12,749

 

Furniture and equipment

 

 

24,285

 

 

 

22,911

 

Leasehold improvements

 

 

13,861

 

 

 

13,479

 

Projects in progress

 

 

187

 

 

 

555

 

 

 

 

58,684

 

 

 

56,026

 

Less: accumulated depreciation

 

 

35,640

 

 

 

34,417

 

Total

 

$

23,044

 

 

$

21,609

 

 

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

 

(In thousands)

 

2021

 

 

2020

 

Land and buildings

 

$

11,237

 

 

$

11,237

 

Less: accumulated depreciation

 

 

7,655

 

 

 

6,907

 

Total

 

$

3,582

 

 

$

4,330

 

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, 2021:

 

(In thousands)

 

 

 

 

2022

 

$

1,391

 

2023

 

 

1,456

 

2024

 

 

1,456

 

2025

 

 

939

 

2026

 

 

215

 

Thereafter

 

 

1,129

 

Total minimum lease payments

 

 

6,586

 

Less: amount representing interest

 

 

766

 

Present value of net minimum lease payments

 

$

5,820