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OPERATING LEASES
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
OPERATING LEASES OPERATING LEASES
The following table summarizes the Company’s lease costs and supplemental cash flow information related to its operating leases (dollar amounts in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Operating lease costs reported in Other administrative expenses$263 $185 $789$515
Short-term operating lease costs reported in Other administrative expenses23 3 9613
Total lease costs$286 $188 $885$528
Weighted average remaining lease term (in years)3.0 years3.5 years
Weighted average discount rate3.49 %2.69 %
Supplemental cash flow information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases reported in Change in operating lease liabilities$284 $203 $833$549
Operating lease non-cash items:
Non-cash right-of-use assets obtained in exchange for new operating lease liabilities, net of terminations$116 $(89)$924$459
The estimated future minimum payments of operating leases as of September 30, 2024 (in thousands):
Remainder of 2024$291 
20251,134 
2026820 
2027374 
2028167 
20294 
Total undiscounted future lease payments2,790 
Less: imputed interest(272)
Present value of lease liabilities
$2,518