Leases (Tables)

9 Months Ended

Sep. 30, 2023

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):

		September 30,		December 31,
	Classification	2023		2022
Assets:
Operating lease right-of-use assets	Other assets	$	10,097	$	9,314
Liabilities:
Operating lease liabilities	Other liabilities	$	10,345	$	9,457

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				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Lease costs:
Operating lease costs	$	438	$	403	$	1,247	$	1,220
Variable lease costs		30		26		87		76
Total	$	468	$	429	$	1,334	$	1,296
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	393	$	385	$	1,142	$	1,163

Schedule of Remaining Minimum Lease Payments

Future minimum payments for operating leases with initial or remaining terms of one year or more as of September 30, 2023, were as follows (in thousands):

	Amounts
Remainder of 2023	$	276
2024		1,455
2025		1,359
2026		1,291
2027		1,107
Thereafter		6,476
Total future minimum lease payments		11,964
Amounts representing interest		(1,619)
Present value of net future minimum lease payments	$	10,345