Cash Value of Life Insurance

12 Months Ended

Dec. 31, 2021

Cash Value of Life Insurance [Abstract]

Cash Value of Life Insurance

Cash Value of Life InsuranceA summary of the activity in the balance of cash value of life insurance follows:

	Year ended December 31,
(in thousands)	2021		2020
Beginning balance	$	118,870	$	117,823
Acquired policies from business combination	—		—
Increase in cash value of life insurance	2,775		2,949
Gain on death benefit	702		498
Insurance proceeds receivable reclassified to other assets	(4,490)		(2,400)
Ending balance	$	117,857	$	118,870
End of period death benefit	$	193,318	$	197,379
Number of policies owned	176		183
Insurance companies used	14		14
Current and former employees and directors covered	59		62