LEASES (Tables)

6 Months Ended

Jun. 30, 2020

LEASES [Abstract]

Maturities of Remaining Lease Liabilities

The table below summarizes the maturity of remaining lease liabilities at June 30, 2020:

(in thousands)	June 30, 2020
2020	$	604
2021		1,229
2022		1,140
2023		1,006
2024		899
2025 and thereafter		3,080
Total lease payments		7,958
Less: interest		(710	)
Present value of lease liabilities	$	7,248

Supplemental Cash Flow Information Related to Leases

The following table presents supplemental cash flow information related to leases for the three and six months ended June 30, 2020:

(in thousands)	Three Months Ended June 30, 2020		Three Months Ended June 30, 2019		Six Months Ended June 30, 2020		Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	300	$	217	$	549	$	434
Right-of-use assets obtained in exchange for new operating lease liabilities		221		—		221		4,417

Weighted Average Operating Lease Term and Discount Rate

The following table presents the weighted average operating lease term and discount rate at June 30, 2020 and December 31, 2019:

	June 30, 2020			December 31, 2019
Weighted-average remaining lease term – operating leases, in years	$	7.51		$	8.01
Weighted-average discount rate – operating leases	$	2.45	%	$	2.52	%