Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Schedule of Lease Cost

The following table presents the components of lease expense for the three and nine months ended September 30, 2022:

(in thousands)	Three months ended September 30, 2022		Nine months ended September 30, 2022
Operating lease cost	$	277	$	851
Short-term lease cost	—		—
Variable lease cost	—		—
Sublease income	(5)		(16)
Total lease cost	$	272	$	835

The following table presents the weighted average operating lease term and discount rate at September 30, 2022:

	September 30, 2022
Weighted average remaining lease term (in years)	5.53 years
Weighted average discount rate	2.17	%

Schedule of Operating Lease Liability

The following table shows the future expected operating lease payments under the Company's operating lease agreements as of September 30, 2022:

(in thousands)
2022	$	267
2023	1,009
2024	984
2025	767
2026	665
Thereafter	1,108
Total expected operating lease payments	4,800
Discount for present value of expected cash flows	(308)
Lease liability at September 30, 2022	$	4,492