LEASES (Tables)

6 Months Ended

Jun. 30, 2022

LEASES [Abstract]

Maturities of Remaining Lease Liabilities

The table below summarizes the maturity of remaining lease liabilities at June 30, 2022:

(in thousands)	June 30, 2022
2022 (remaining 6 months)	$	575
2023		1,063
2024		977
2025		907
2026		663
2027 and thereafter		2,131
Total lease payments		6,316
Less: interest		(476	)
Present value of lease liabilities	$	5,840

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, 2022:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2022		2021		2022		2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	304	$	293	$	603	$	583
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 June 30, 2022 and December 31, 2021:

	June 30, 2022			December 31, 2021
Weighted-average remaining lease term – operating leases, in years		6.54			6.32
Weighted-average discount rate – operating leases		2.33	%		2.36	%