LEASES (Tables)

3 Months Ended

Mar. 31, 2022

LEASES [Abstract]

Maturities of Remaining Lease Liabilities

The table below summarizes the maturity of remaining lease liabilities:

(in thousands)	March 31, 2022
2022 (remaining 9 months)	$	879
2023		1,063
2024		977
2025		907
2026		663
2027 and thereafter		2,131
Total lease payments		6,620
Less: interest		(511	)
Present value of lease liabilities	$	6,109

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, 2022 and March 31, 2021:

(in thousands)	Three Months Ended March 31, 2022		Three Months Ended March 31, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	299	$	290
Right-of-use assets obtained in exchange for new operating lease liabilities	$	707	$	—

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, 2022 and December 31, 2021:

(in thousands)	March 31, 2022			December 31, 2021
Weighted-average remaining lease term – operating leases, in years	$	6.67		$	6.32
Weighted-average discount rate – operating leases	$	2.32	%	$	2.36	%