LEASES (Tables)

6 Months Ended

Jun. 30, 2019

The following table represents the classification of the Company's right of use and lease liabilities:



	Statement of Financial Condition Location	June 30, 2019
Operating Lease Right of Use Asset:
Gross carrying amount		$	6,694
Accumulated amortization		(424		)
Net book value	Other assets	$	6,270

Operating Lease Liabilities:
Right of use lease obligations	Other liabilities	$	6,270

At June 30, 2019, the weighted-average remaining lease term for the operating leases was 9.4 years and the weighted-average discount rate used in the measurement of operating lease liabilities was 3.16%. The Company utilized the FHLB fixed rate advance rate as of January 1, 2019 for the term most closely aligning with the remaining lease term.



	For the Three Months Ended June 30, 2019			For the Six Months Ended June 30, 2019
Lease cost:
Operating lease cost	$	212		$	424
Short-term lease cost	29			60
Sublease income	(9		)	(15		)
Total lease cost	$	232		$	469

Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	225		$	449

Operating Lease, Liability

Future minimum payments under non-cancellable operating leases with terms longer than 12 months, are as follows at June 30, 2019:



Twelve months ended June 30,
2020	$	897
2021	915
2022	941
2023	982
2024	705
Thereafter	2,974
Total future minimum operating lease payments	7,414
Amounts representing interest	(1,144		)
Present value of net future minimum operating lease payments	$	6,270