Cash Value of Life Insurance

12 Months Ended

Dec. 31, 2022

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)	2022		2021
Beginning balance	$	117,857	$	118,870
Acquired policies from business combination	13,609		—
Increase in cash value of life insurance	2,858		2,775
Gain on death benefit	309		702
Insurance proceeds receivable reclassified to other assets	(891)		(4,490)
Ending balance	$	133,742	$	117,857
End of period death benefit	$	223,427	$	193,318
Number of policies owned	216		176
Insurance companies used	14		14
Current and former employees and directors covered	79		59