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OPERATING LEASES (Tables)
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Lease Costs and Supplemental Cash Flow Information
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
Schedule of Estimated Future Minimum Payments of Operating Leases
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