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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Supplemental Balance Sheet Information The following table contains supplemental balance sheet information related to leases (dollars in thousands):

 

 

 

2022

 

 

2021

 

Operating lease right-of-use assets

 

$

15,774

 

 

$

15,116

 

Operating lease liabilities

 

 

16,035

 

 

 

15,322

 

Weighted-average remaining lease term

 

5.8 years

 

 

6.6 years

 

Weighted-average discount rate

 

 

2.67

%

 

 

2.70

%

Summary of Future Minimum Lease Payments

Future minimum lease payments under operating leases are (in thousands):

 

 

 

Operating Leases

 

2023

 

$

3,035

 

2024

 

 

2,615

 

2025

 

 

2,178

 

2026

 

 

2,067

 

2027

 

 

3,587

 

Thereafter

 

 

4,488

 

Total minimum lease payments

 

 

17,970

 

Less imputed interest

 

 

(1,935

)

Total lease liability

 

$

16,035

 

Summary of Components of Lease Expense

The components of lease expense for the twelve months ended December 31, 2022 and 2021 were as follows (in thousands):

 

 

 

2022

 

 

2021

 

Operating lease cost

 

$

3,040

 

 

$

2,515

 

Short-term lease cost

 

 

75

 

 

 

260

 

Variable lease cost

 

 

720

 

 

 

871

 

Total lease cost

 

 

3,835

 

 

 

3,646

 

Income from subleases

 

 

(369

)

 

 

(527

)

Net lease cost

 

$

3,466

 

 

$

3,119

 

Summary of Operating Lease Cash Flows Cash paid for amounts included in the measurement of lease liabilities was (in thousands):

 

 

 

2022

 

 

2021

 

Operating cash flows from operating leases

 

$

3,061

 

 

$

2,872