Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Summary of Supplemental Balance Sheet Information

The following table contains supplemental balance sheet information related to leases (dollars in thousands):

	March 31, 2024			March 31, 2023			December 31, 2023
Operating lease right-of-use assets	$	14,318		$	15,092		$	14,306
Operating lease liabilities		14,624			15,353			14,615
Weighted-average remaining lease term (in years)		4.8			5.6		4.9
Weighted-average discount rate		3.22	%		2.68	%		3.21	%

Summary of Maturities of Lease Liabilities

Maturities of lease liabilities are as follows (in thousands):

Year ending December 31,
2024	$	2,444
2025		2,686
2026		2,509
2027		2,287
2028		1,693
Thereafter		4,818
Total lease payments		16,437
Less imputed interest		(1,813	)
Total lease liability	$	14,624

Summary of Components of Lease Expense

The components of lease expense for the three months ended March 31, 2024 and 2023 were as follows (in thousands):

	Three months ended
	March 31,
	2024			2023
Operating lease cost	$	846		$	753
Short-term lease cost		35			30
Variable lease cost		138			223
Total lease cost		1,019			1,006
Income from subleases		(104	)		(94	)
Net lease cost	$	915		$	912

Summary of Operating Lease Cash Flows

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

	March 31, 2024		March 31, 2023
Operating cash flows from operating leases	$	836	$	781