LEASES (Tables)

9 Months Ended

Sep. 30, 2019

LEASES [Abstract]

Maturities of Remaining Lease Liabilities

The table below summarizes the maturity of remaining lease liabilities at September 30, 2019:

(in thousands)	September 30, 2019
2019	$	219
2020		1,116
2021		1,118
2022		1,064
2023		1,005
After 2023		3,991
Total lease payments		8,513
Less: interest		(850	)
Present value of lease liabilities	$	7,663

Supplemental Cash Flow Information Related to Leases

The following table presents supplemental cash flow information related to leases for the three and nine months ended September 30, 2019:

(in thousands)	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	219	$	653
Right-of-use assets obtained in exchange for new operating lease liabilities	$	3,410	$	7,827

Weighted Average Operating Lease Term and Discount Rate

The following table presents the weighted average operating lease term and discount rate at September 30, 2019:

	September 30, 2019
Weighted-average remaining lease term - operating leases, in years		8.19
Weighted-average discount rate - operating leases		2.53	%