Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Summary of Lease Assets and Liabilities

The following table represents the consolidated balance sheet classification of the Company’s ROU assets and lease liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated balance sheet (in thousands):

		March 31,		December 31,
	Classification	2022		2021
Assets:
Operating lease right-of-use assets	Other assets	$	9,499	$	9,812
Liabilities:
Operating lease liabilities	Other liabilities	$	9,586	$	9,881

Summary of Lease Costs and Other Information

The following table represents lease costs and other lease information. As the Company elected, for all classes of underlying assets, not to separate lease and non-lease components and instead to account for them as a single lease component, the variable lease cost primarily represents variable payments such as common area maintenance (in thousands).

	Three Months Ended
	March 31,
	2022		2021
Lease costs:
Operating lease costs	$	414	$	240
Variable lease costs		25		24
Total	$	439	$	264
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	396	$	233

Schedule of Remaining Minimum Lease Payments

Future minimum payments for operating leases with initial or remaining terms of one year or more as of March 31, 2022, were as follows (in thousands):

	Amounts
March 31, 2023	$	1,142
March 31, 2024		1,290
March 31, 2025		1,079
March 31, 2026		1,047
March 31, 2027		946
Thereafter		5,249
Total future minimum lease payments		10,753
Amounts representing interest		(1,167)
Present value of net future minimum lease payments	$	9,586