LEASES (Tables)

6 Months Ended

Jun. 30, 2021

LEASES [Abstract]

Maturities of Remaining Lease Liabilities

The table below summarizes the maturity of remaining lease liabilities at June 30, 2021:

(in thousands)	June 30, 2021
2021	$	591
2022		1,083
2023		948
2024		840
2025		817
2026 and thereafter		2,192
Total lease payments		6,471
Less: interest		(525	)
Present value of lease liabilities	$	5,946

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, 2021:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2021		2020		2021		2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	293	$	300	$	583	$	549
Right-of-use assets obtained in exchange for new operating lease liabilities		—		221		—		221

Weighted Average Operating Lease Term and Discount Rate

The following table presents the weighted average operating lease term and discount rate as of June 30, 2021 and December 31, 2020:

	June 30, 2021			December 31, 2020
Weighted-average remaining lease term – operating leases, in years		6.89			7.23
Weighted-average discount rate – operating leases		2.43	%		2.43	%