LEASES (Tables)

6 Months Ended

Jun. 30, 2024

LEASES [Abstract]

Maturities of Remaining Lease Liabilities

The table below summarizes the maturity of remaining lease liabilities at June 30, 2024:

(in thousands)	June 30, 2024
2024 (remaining 6 months)	$	482
2025		1,051
2026		672
2027		611
2028		625
2029 and thereafter		895
Total lease payments		4,336
Less: interest		(257	)
Present value of lease liabilities	$	4,079

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, 2024:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2024		2023		2024		2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	296	$	301	$	595	$	614
Right-of-use assets obtained in exchange for new operating lease liabilities		—		—		—		245

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, 2024 and December 31, 2023:

	June 30, 2024			December 31, 2023
Weighted-average remaining lease term – operating leases, in years		5.18			5.43
Weighted-average discount rate – operating leases		2.40	%		2.42	%