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LEASES (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Leased Branch Properties
Leased branch properties as of June 30, 2024 and December 31, 2023 consist of the following (in thousands):
June 30, 2024December 31, 2023
Operating lease right-of-use asset$5,648 $6,449 
Less: accumulated amortization(391)(801)
Less: lease termination— — 
Add: lease modifications570 — 
Operating lease right-of-use-assets, net$5,827 $5,648 
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 June 30, 2024 (in thousands):
YearAmount
2024$479 
2025959 
2026965 
2027977 
2028845 
2029 and thereafter2,591 
Total minimum lease payments6,816 
Less: amount representing interest(807)
Present value of net minimum lease payments$6,009 
Schedule of Leases in Premises and Equipment The Corporation has included these leases in premises and equipment as of June 30, 2024 and December 31, 2023 as follows (in thousands):
June 30, 2024December 31, 2023
Buildings$6,507 $5,572 
Less: accumulated depreciation(3,046)(2,872)
Net book value$3,461 $2,700 
Schedule of Future Minimum Financial Lease Payments
The following is a schedule by year of future minimum lease payments under finance leases, together with the present value of net minimum lease payments as of June 30, 2024 (in thousands):
YearAmount
2024$134 
2025486 
2026502 
2027505 
2028505 
2029 and thereafter2,948 
Total minimum lease payments5,080 
Less: amount representing interest(1,245)
Present value of net minimum lease payments$3,835