LEASES (Tables)

3 Months Ended

Mar. 31, 2021

LEASES [Abstract]

Maturities of Remaining Lease Liabilities

The table below summarizes the maturity of remaining lease liabilities:

(in thousands)	March 31, 2021
2021	$	884
2022		1,083
2023		948
2024		840
2025		817
2026 and thereafter		2,192
Total lease payments		6,764
Less: interest		(562	)
Present value of lease liabilities	$	6,202

Supplemental Cash Flow Information Related to Leases

The following table presents supplemental cash flow information related to leases for the three months ended March 31, 2021 and March 31, 2020:

(in thousands)	Three Months Ended March 31, 2021		Three Months Ended March 31, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	290	$	249
Right-of-use assets obtained in exchange for new operating lease liabilities	$	—	$	—

Weighted Average Operating Lease Term and Discount Rate

The following table presents the weighted average operating lease term and discount rate as of March 31, 2021 and December 31, 2020:

(in thousands)	March 31, 2021			December 31, 2020
Weighted-average remaining lease term – operating leases, in years	$	7.06		$	7.23
Weighted-average discount rate – operating leases	$	2.43	%	$	2.43	%