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LEASE COMMITMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Supplemental Balance Sheet Information

The following right-of-use assets and lease liabilities are reported within the consolidated statements of condition as follows:

In thousands						December 31, 2021
Operating Leases:
Right of use assets						$	3,270
Lease liabilities						3,270

In thousands						December 31, 2020
Operating Leases:
Right of use assets						$	3,145
Lease liabilities						3,138

Supplemental balance sheet information related to leases was as follows for the year ended December 31, 2021:

Operating Leases:
Weighted average remaining lease term						7.0 years
Weighted average discount rate						5.63		%

Future Minimum Rental Payments

The following summarizes the remaining scheduled future minimum lease payments for operating leases as of December 31, 2021:

Years Ending			In thousands
2022			$	775
2023			683
2024			664
2025			644
2026			540
Thereafter			1,140
Total minimum lease payments			4,446
Less: Amount representing interest (1)			1,176
Present value of net minimum lease payments			$	3,270

_______________________________

(1) Amount necessary to reduce net minimum lease payments to present value calculated at the Corporation’s incremental borrowing rate.

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating 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
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

+ Details

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