LEASES (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Schedule of Maturity Analysis of the Operating Lease Liabilities

The following is a maturity analysis of the operating lease liabilities as of September 30, 2023:

Years ending December 31, (in thousands)	Operating Lease Obligation
2023	$	183
2024	744
2025	756
2026	730
2027	753
2028 and thereafter	2,185
Total undiscounted lease payments	5,351
Less imputed interest	(503)
Lease liability	$	4,848
Right-of-use asset	$	4,848

Schedule of Lease Cost

	Three Months Ended September 30,						Nine Months Ended September 30,
(dollars in thousands)	2023			2022			2023			2022
Lease cost
Operating lease cost	$	241		$	169		$	719		$	502
Short-term lease cost	4			4			12			18
Total lease cost	$	245		$	173		$	731		$	520
Other information
Operating cash outflows from operating leases	$	241		$	169		$	719		$	502
Weighted-average remaining lease term - operating leases	6.5 years			7.5 years			6.5 years			7.5 years
Weighted average discount rate - operating leases	2.5		%	2.5		%	2.5		%	2.5		%