LEASES (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Schedule of Lease Components

Our consolidated statements of financial position include the following lease components (dollars in thousands):

	June 30, 2024			December 31, 2023
Operating leases:
Operating lease right-of-use assets	$	13,238		$	9,072
Less: Accumulated amortization	(2,919)			(2,595)
Net operating lease right-of-use assets	$	10,319		$	6,477
Operating lease liabilities - current	$	(471)		$	(371)
Operating lease liabilities - noncurrent	(5,461)			(1,396)
Total operating lease liabilities	$	(5,932)		$	(1,767)
Finance leases:
Finance lease right-of-use assets	$	95		$	—
Less: Accumulated amortization	(7)			—
Net finance lease right-of-use assets	$	88		$	—
Finance lease liabilities - current	$	(46)		$	—
Finance lease liabilities - noncurrent	(37)			—
Total finance lease liabilities	$	(83)		$	—
Lease Term and Discount Rate:
Weighted-average remaining lease term (in years)
Operating leases	32.1			7.0
Finance leases	1.9			0.0
Weighted-average discount rate
Operating leases	6.91		%	4.68		%
Finance leases	6.99%			—%

Schedule of Future Expected Minimum Lease Commitments under Operating Leases

Future expected minimum lease commitments under operating leases are as follows (dollars in thousands):

	Operating Leases		Finance Leases		Total
Year 1	$	703	$	51	$	754
Year 2	517		38		555
Year 3	531		—		531
Year 4	838		—		838
Year 5	432		—		432
Thereafter	12,401		—		12,401
Total lease payments	$	15,422	$	89	$	15,511
Less imputed interest	(9,490)		(6)		(9,496)
Total	$	5,932	$	83	$	6,015