LEASES (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Maturity Analysis of the Operating Lease Liabilities

The following is a maturity analysis of the operating lease liabilities as of March 31, 2024:

Years ending December 31, (in thousands)	Operating Lease Obligation
2024	$	561
2025	756
2026	731
2027	753
2028	593
2029 and thereafter	1,591
Total undiscounted lease payments	4,985
Less imputed interest	(443)
Lease liability	$	4,542
Right-of-use asset	$	4,542

Schedule of Lease Cost

	Three Months Ended March 31,
(dollars in thousands)	2024			2023
Lease cost
Operating lease cost	$	185		$	169
Short-term lease cost	2			2
Total lease cost	$	187		$	171
Other information
Operating cash outflows from operating leases	$	185		$	169
Weighted-average remaining lease term - operating leases	6.0 years			7.0 years
Weighted average discount rate - operating leases	2.5		%	2.5		%