XML 63 R24.htm IDEA: XBRL DOCUMENT
v3.19.3

LEASES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Leases [Abstract] |
Leases | The following table represents the classification of the Company's right of use and lease liabilities:
|  | Statement of Financial Condition Location |  | September 30, 2019
Operating Lease Right of Use Asset: |  |  |  |
Gross carrying amount |  |  |  | $ | 6,694 |
Accumulated amortization |  |  |  | (636 | )
Net book value |  | Other assets |  | $ | 6,058 |
Operating Lease Liabilities: |  |  |  |
Right of use lease obligations |  | Other liabilities |  | $ | 6,058 |
At September 30, 2019, the weighted-average remaining lease term for the operating leases was 9.2 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 September 30, 2019 |  | For the Nine Months Ended September 30, 2019
Lease cost: |  |  |  |
Operating lease cost |  | $ | 212 |  |  | $ | 636 |
Short-term lease cost |  | 26 |  |  | 86 |
Sublease income |  | (17 | ) |  | (32 | )
Total lease cost |  | $ | 221 |  |  | $ | 690 |
Other information: |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 225 |  |  | $ | 674 |
Operating Lease, Liability | Future minimum payments under non-cancellable operating leases with terms longer than 12 months, are as follows at September 30, 2019:
Twelve months ended September 30, |  |
2020 |  | $ | 901 |
2021 |  | 920 |
2022 |  | 953 |
2023 |  | 987 |
2024 |  | 582 |
Thereafter |  | 2,849 |
Total future minimum operating lease payments |  | 7,192 |
Amounts representing interest |  | (1,134 | )
Present value of net future minimum operating lease payments |  | $ | 6,058 |

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration