Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of operating leases of lessee

The following table represents the classification of the Company’s right of use and lease liabilities (Dollars in thousands):

	Statement of Financial Condition Location		December 31, 2023			December 31, 2022
			(In thousands)
Operating Lease Right of Use Asset:
Gross carrying amount			$	16,026		$	17,919
Increased asset from new leases			$	9,799			—
Accumulated amortization				(2,427	)		(1,893	)
Net book value		Operating lease right-of-use asset	$	23,398		$	16,026
Operating Lease Liability:
Lease liability		Operating lease liability	$	24,280		$	16,772

Summary of lease cost

The following table presents total lease cost and cash paid for each year:

	Twelve Months Ended December 31,
	2023		2022
	(In thousands)
Lease cost:
Operating lease	$	3,772	$	2,700
Short-term lease cost		105		94
Total lease cost	$	3,877	$	2,794
Other information:
Cash paid for amounts included in the measurement of lease liabilities	$	3,074	$	2,309

Summary of lessee operating lease liability maturity

Future minimum payments under operating leases with terms longer than 12 months are as follows at December 31, 2023:

	Amount
Twelve months ended December 31,		(In thousands	)
2024	$	3,162
2025		3,101
2026		2,914
2027		2,627
2028		2,487
Thereafter		16,312
Total future operating lease payment		30,603
Amounts representing interest		(6,323	)
Present value of net future lease payments	$	24,280