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LEASES (Tables)
 6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Assets and Liabilities, Lessee
Leased branch properties at June 30, 2020 and December 31, 2019 consist of the following (in thousands):
June 30, 2020December 31, 2019
Operating lease right-of-use asset$8,713  $8,713  
Less: accumulated amortization(1,063) (712) 
Operating lease right-of-use-assets, net$7,650  $8,001  
Lessee, Operating Lease, Liability, Maturity
The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, excluding CAM charges, as of June 30, 2020 (in thousands):
YearAmount
2020$466  
2021930  
2022869  
2023889  
2024880  
2025 and thereafter5,347  
Total minimum lease payments9,381  
Less: amount representing interest(1,629) 
Present value of net minimum lease payments$7,752  
Property, Plant and Equipment The Corporation has included these leases in premises and equipment as of June 30, 2020 and December 31, 2019 as follows (in thousands):
June 30, 2020December 31, 2019
Buildings$5,572  $5,572  
Less: accumulated depreciation(1,708) (1,541) 
Net book value$3,864  $4,031  
Finance Lease, Liability, Maturity
The following is a schedule by year of future minimum lease payments under the capitalized lease, together with the present value of net minimum lease payments as of June 30, 2020 (in thousands):
YearAmount
2020$189  
2021388  
2022391  
2023391  
2024391  
2025 and thereafter3,250  
Total minimum lease payments5,000  
Less: amount representing interest(1,031) 
Present value of net minimum lease payments$3,969