b'A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows:Lease Payments DueYears ending December 31,2020 $260,8542021 271,8662022 275,5542023 248,6462024 252,547Thereafter1,308,413Total undiscounted cash flows $ 2,617,880Discount (369,748)Lease liabilities $ 2,248,132CNB leases land in Hancock, Maryland on which its Hancock branch is located.This lease was transferred to CNB from Fidelity Bank, a Maryland commercial bank upon the purchase of the Hancock, Maryland branch.CNB owns the building which is situated on the leased land.The lease, as amended, expired on May 1, 2017 with the lessee having the right to renew the lease for two additional 5-year optional terms for a total optional renewal right of up to 10 years.The Bank exercised the first of two additional 5-year optional terms as of May 1, 2017 with a monthly payment of $2,165 and a 2% annual increase each May.The annual cost for years ended December 31, 2019 and 2018 were $28,896 and $26,323, respectively.The building owned by CNB will revert to and become the property of the lessor in the event of default or termination of the lease.In 2014, CNB entered into a lease for office space in Hagerstown, Maryland for the purpose of opening a new limited purpose office.The original lease term began on January 1, 2015 and terminated on December 31, 2018.The lease automatically renewed January 1, 2019 for another four-year term expiring December 31, 2022.The lease payments prior to renewal were $29,808 annually.The lease payments for the additional four-year term beginning in January 2019 are $30,702 annually.In 2015, CNB entered into a lease for a building in Hagerstown, Maryland for the purpose of opening a full-service branch office.The lease term began on October 1, 2015 and will terminate on September 30, 2025.The lessee has the right to renew the lease for two additional 5-year optional terms for a total optional renewal right of up to 10 years.The lease payments for the twelve months beginning October 2015 are $99,000 annually plus monthly common area maintenance and real estate taxes based on the agreement terms.Beginning October 2020, the base lease payment increases to $108,900 annually.The lease payments for the two additional 5-year optional terms beginning in October 2025 are $119,790 annually.In 2019, CNB entered into a lease for a building in Hagerstown, Maryland for the purpose of opening a full-service branch office.The lease term began on June 4, 2019 and will terminate on June 30, 2029.The lessee has the right to renew the lease for two additional 5-year optional terms for a total optional renewal right of up to 10 years.The lease payments for the twelve months beginning June 2019 are $99,794 annually.Beginning July 2020, and upon each anniversary thereafter, the annual base rent shall be increased by three percent.From time to time, the Bank rents foreclosed properties if they are unable to sell them.The Bank has received $0 in rental income in both the years ended December 31, 2019 and 2018. 38'