Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Summary of Supplemental Balance Sheet Information

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

	September 30, 2024			September 30, 2023			December 31, 2023
Operating lease right-of-use assets	$	14,560		$	14,192		$	14,306
Operating lease liabilities		14,873			14,503			14,615
Weighted-average remaining lease term (in years)		4.9			5.0		4.9
Weighted-average discount rate		3.18	%		2.75	%		3.21	%

Summary of Maturities of Lease Liabilities

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

Year ending December 31,
2024	$	1,124
2025		3,097
2026		2,916
2027		2,687
2028		2,076
Thereafter		4,851
Total lease payments		16,751
Less imputed interest		(1,878	)
Total lease liability	$	14,873

Summary of Components of Lease Expense

The components of lease expense for the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands):

	Three months ended						Nine months ended
	September 30,						September 30,
	2024			2023			2024			2023
Operating lease cost	$	885		$	870		$	2,553		$	2,448
Short-term lease cost		23			24			89			51
Variable lease cost		216			163			572			577
Total lease cost		1,124			1,057			3,214			3,076
Income from subleases		(110	)		(94	)		(317	)		(281	)
Net lease cost	$	1,014		$	963		$	2,897		$	2,795

Summary of Operating Lease Cash Flows

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

	September 30, 2024		September 30, 2023
Operating cash flows from operating leases	$	2,502	$	2,414