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LEASES (Tables)
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Schedule of Leased Branch Properties
Leased branch properties at March 31, 2022 and December 31, 2021 consist of the following (in thousands):
March 31, 2022December 31, 2021
Operating lease right-of-use asset$7,234 $7,145 
Less: accumulated amortization(199)(759)
Less: lease termination— (313)
Add: new lease agreement and modifications— 1,161 
Operating lease right-of-use-assets, net$7,035 $7,234 
Schedule of Undiscounted Cash Flows of the Operating Lease Liabilities
The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, excluding CAM charges, as of March 31, 2022 (in thousands):
YearAmount
2022$730 
2023992 
2024924 
2025841 
2026845 
2027 and thereafter4,023 
Total minimum lease payments8,355 
Less: amount representing interest(1,169)
Present value of net minimum lease payments$7,186 
Schedule of Leases in Premises and Equipment The Corporation has included these leases in premises and equipment as of March 31, 2022 and December 31, 2021 as follows (in thousands):
March 31, 2022December 31, 2021
Buildings$5,572 $5,572 
Less: accumulated depreciation(2,291)(2,208)
Net book value$3,281 $3,364 
Schedule of Future Minimum Financial Lease Payments
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 March 31, 2022 (in thousands):
YearAmount
2022$293 
2023391 
2024391 
2025409 
2026425 
2027 and thereafter2,415 
Total minimum lease payments4,324 
Less: amount representing interest(797)
Present value of net minimum lease payments$3,527