LEASES (Tables)

12 Months Ended

Dec. 31, 2020

LEASES

Schedule of Maturity Analysis of the Operating Lease Liabilities

	Operating Lease
Years ending December 31, (in thousands)	Obligation
2021	$	581
2022		595
2023		606
2024		622
2025		640
2026 and thereafter		2,233
Total undiscounted lease payments		5,277
Less imputed interest		(602)
Lease liability	$	4,675
Right-of-use asset	$	4,675

Schedule of Lease Cost

	Year Ended			Year Ended
	December 31, 2020			December 31, 2019
Lease cost
Operating lease cost	$	536		$	498
Short-term lease cost		24			24
Total lease cost	$	560		$	522
Other information
Operating cash outflows from operating leases	$	536		$	498
Weighted-average remaining lease term - operating leases		8.8	years		9.8	years
Weighted average discount rate - operating leases		2.8	%		2.8	%