LEASES (Tables)

6 Months Ended

Jun. 30, 2023

LEASES [Abstract]

Maturities of Remaining Lease Liabilities

The table below summarizes the maturity of remaining lease liabilities at June 30, 2023:

(in thousands)	June 30, 2023
2023 (remaining 6 months)	$	593
2024		1,040
2025		1,052
2026		672
2027		611
2028 and thereafter		1,520
Total lease payments		5,488
Less: interest		(369	)
Present value of lease liabilities	$	5,119

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, 2023:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2023		2022		2023		2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	301	$	304	$	614	$	603
Right-of-use assets obtained in exchange for new operating lease liabilities		—		—		245		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, 2023 and December 31, 2022:

	June 30, 2023			December 31, 2022
Weighted-average remaining lease term – operating leases, in years		5.69			6.14
Weighted-average discount rate – operating leases		2.44	%		2.37	%