XML 52 R37.htm IDEA: XBRL DOCUMENT v3.22.4
LEASE COMMITMENTS (Tables)
12 Months Ended
Dec. 31, 2022
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 thousandsDecember 31, 2022
Operating Leases:
Right of use assets$3,162 
Lease liabilities3,162 
In thousandsDecember 31, 2021
Operating Leases:
Right of use assets$3,270 
Lease liabilities3,270 
Supplemental balance sheet information related to leases was as follows for the year ended December 31, 2022:
Operating Leases:
Weighted average remaining lease term5.0 years
Weighted average discount rate5.42 %
Future Minimum Rental Payments The following summarizes the remaining scheduled future minimum lease payments for operating leases as of December 31, 2022:
Years EndingIn thousands
2023$953 
2024957 
2025917 
2026746 
2027441 
Thereafter779 
Total minimum lease payments4,793 
Less: Amount representing interest (1)1,631 
Present value of net minimum lease payments$3,162 
_______________________________
(1) Amount necessary to reduce net minimum lease payments to present value calculated at the Corporation’s incremental borrowing rate.