Leases (Tables)

12 Months Ended

Dec. 31, 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):

		December 31,		December 31,
	Classification	2023		2022
Assets:
Operating lease right-of-use assets	Other assets	$	9,894	$	9,314
Liabilities:
Operating lease liabilities	Other liabilities	$	10,303	$	9,457

Summary of Lease Costs and Other Information

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. The following table represents lease costs and other lease information for the years ended December 31, (in thousands):

	Year Ended
	December 31,
	2023		2022		2021
Lease costs:
Operating lease costs	$	1,687	$	1,633	$	1,222
Variable lease costs		117		100		97
Total	$	1,804	$	1,733	$	1,319
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,421	$	1,562	$	1,180

Schedule of Remaining Minimum Lease Payments

Future minimum payments for operating leases with initial or remaining terms of one year or more as of December 31, 2023 were as follows (in thousands):

	Amounts
2024	$	1,488
2025		1,393
2026		1,325
2027		1,140
2028		1,135
Thereafter		5,369
Total future minimum lease payments		11,850
Amounts representing interest		(1,547)
Present value of net future minimum lease payments	$	10,303