v3.25.1
PREMISES AND EQUIPMENT (Tables)
3 Months Ended
Mar. 31, 2025
PREMISES AND EQUIPMENT  
Schedule of major classifications of premises and equipment, stated at cost

March 31, 

December 31, 

    

2025

    

2024

(In Thousands)

Land

$

39,406

$

39,340

Buildings and improvements

 

107,815

 

107,525

Furniture, fixtures and equipment

 

70,742

 

69,916

Operating leases right of use asset

 

6,127

 

6,390

 

224,090

 

223,171

Less: accumulated depreciation

 

91,925

 

90,705

 

$

132,165

$

132,466

Schedule of information about operating lease

    

March 31, 2025

    

December 31, 2024

(In Thousands)

Statement of Financial Condition

Operating leases right of use asset

$

6,127

$

6,390

Operating leases liability

$

6,362

$

6,621

    

For the Three Months Ended

March 31, 2025

    

March 31, 2024

(In Thousands)

Statement of Income

Operating lease costs classified as occupancy and equipment expense (includes short-term lease costs and amortization of right of use asset)

$

419

$

483

Supplemental Cash Flow Information

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows from operating leases

$

416

$

514

Right of use assets obtained in exchange for lease obligations:

Operating leases

$

$

275

Schedule of future expected lease payments for leases with terms exceeding one year

At March 31, 2025, future expected lease payments for leases with terms exceeding one year were as follows (in thousands):

2025

    

$

992

2026

 

1,338

2027

 

1,289

2028

 

1,019

2029

 

663

2030

506

Thereafter

 

1,482

Future lease payments expected

 

7,289

Less: interest portion of lease payments

 

(927)

Lease liability

$

6,362