LEASES (Tables)

9 Months Ended

Sep. 30, 2022

LEASES [Abstract]

Maturities of Remaining Lease Liabilities

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

(in thousands)	September 30, 2022
2022 (remaining 3 months)	$	283
2023		1,097
2024		1,000
2025		962
2026		672
2027 and thereafter		2,131
Total lease payments		6,145
Less: interest		(453	)
Present value of lease liabilities	$	5,692

Supplemental Cash Flow Information Related to Leases

The following table presents supplemental cash flow information related to leases for the three and nine months ended September 30, 2022:

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2022		2021		2022		2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	345	$	318	$	948	$	901
Right-of-use assets obtained in exchange for new operating lease liabilities		162		285		869		285

Weighted Average Operating Lease Term and Discount Rate

The following table presents the weighted average operating lease term and discount rate as of September 30, 2022 and December 31, 2021:

	September 30, 2022			December 31, 2021
Weighted-average remaining lease term – operating leases, in years		6.30			6.32
Weighted-average discount rate – operating leases		2.37	%		2.36	%