v3.25.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Leased Branch Properties
Leased branch properties as of June 30, 2025 and December 31, 2024 classified as operating leases consist of the following (in thousands):
June 30, 2025December 31, 2024
Operating lease right-of-use assets$5,446 $5,648 
Less: accumulated amortization(387)(772)
Less: lease termination— — 
Add: lease modifications80 570 
Operating lease right-of-use-assets, net$5,139 $5,446 
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, 2025 (in thousands):
YearAmount
2025$476 
2026965 
2027977 
2028845 
2029827 
2030 and thereafter1,862 
Total minimum lease payments5,952 
Less: amount representing interest(633)
Present value of net minimum lease payments$5,319 
Schedule of Leases in Premises and Equipment The Corporation has included these leases in premises and equipment as of June 30, 2025 and December 31, 2024 as follows (in thousands):
June 30, 2025December 31, 2024
Buildings$6,507 $6,507 
Less: accumulated depreciation(3,425)(3,236)
Net book value$3,082 $3,271 
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, 2025 (in thousands):
YearAmount
2025$246 
2026502 
2027505 
2028505 
2029511 
2030 and thereafter2,436 
Total minimum lease payments4,705 
Less: amount representing interest(1,089)
Present value of net minimum lease payments$3,616