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Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Operating Lease Costs and Additional Information

The following table presents the operating lease costs and additional information for the three and six months ended June 30, 2025 and 2024.

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(Dollars in thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Operating lease costs

 

$

556

 

 

$

607

 

 

$

1,176

 

 

$

1,210

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

683

 

 

 

698

 

 

 

1,358

 

 

 

1,355

 

Right-of-use asset obtained in exchange for lease liability

 

 

(63

)

 

 

(58

)

 

 

(126

)

 

 

(118

)

Schedule of Breakout of Operating Leases

The following table presents the breakout of the operating leases as of June 30, 2025 and December 31, 2024.

(Dollars in thousands)

 

June 30, 2025

 

 

December 31, 2024

 

Operating lease right-of-use assets

 

$

5,946

 

 

$

6,922

 

Other current liabilities

 

 

2,290

 

 

 

2,294

 

Operating lease liabilities

 

 

4,041

 

 

 

5,128

 

Total operating lease liabilities

 

 

6,331

 

 

 

7,422

 

Weighted average remaining lease term

 

3.5 years

 

 

4.1 years

 

Weighted average discount rate

 

 

5.55

%

 

5.56%

 

Schedule of Maturities of the Lease Liabilities

At June 30, 2025, maturities of the lease liabilities were as follows:

(Dollars in thousands)

 

 

 

Remainder of 2025

 

$

1,275

 

2026

 

 

2,567

 

2027

 

 

1,342

 

2028

 

 

575

 

2029

 

 

589

 

Thereafter

 

 

548

 

Total lease payments

 

 

6,896

 

Less imputed interest

 

 

565

 

Total operating lease liabilities

 

$

6,331