LEASES (Tables)

9 Months Ended

Sep. 30, 2021

LEASES [Abstract]

Maturities of Remaining Lease Liabilities

The table below summarizes the maturity of remaining lease liabilities at September 30, 2021:

(in thousands)	September 30, 2021
2021	$	319
2022		1,178
2023		1,046
2024		889
2025		817
2026 and thereafter		2,192
Total lease payments		6,441
Less: interest		(492	)
Present value of lease liabilities	$	5,949

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, 2021:

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2021		2020		2021		2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	318	$	302	$	901	$	851
Right-of-use assets obtained in exchange for new operating lease liabilities		285		—		285		221

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, 2021 and December 31, 2020:

	September 30, 2021			December 31, 2020
Weighted-average remaining lease term – operating leases, in years		6.44			7.23
Weighted-average discount rate – operating leases		2.36	%		2.43	%