Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Summary of Lease Assets and Liabilities

The following table represents the consolidated balance sheet classification of the Company’s ROU assets and lease liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated balance sheet (in thousands):

		June 30,		December 31,
	Classification	2024		2023
Assets:
Operating lease right-of-use assets	Other assets	$	12,085	$	9,894
Liabilities:
Operating lease liabilities	Other liabilities	$	12,555	$	10,303

Summary of Lease Costs and Other Information

The following table represents lease costs and other lease information. As the Company elected, for all classes of underlying assets, not to separate lease and non-lease components and instead to account for them as a single lease component, the variable lease cost primarily represents variable payments such as common area maintenance (in thousands).

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Lease costs:
Operating lease costs	$	468	$	405	$	919	$	809
Variable lease costs		26		34		56		57
Total	$	494	$	439	$	975	$	866
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	439	$	370	$	860	$	749

Schedule of Remaining Minimum Lease Payments

Future minimum payments for operating leases with initial or remaining terms of one year or more as of June 30, 2024, were as follows (in thousands):

	Amounts
Remainder of 2024	$	901
2025		1,680
2026		1,599
2027		1,392
2028		1,388
Thereafter		8,563
Total future minimum lease payments		15,523
Amounts representing interest		(2,968)
Present value of net future minimum lease payments	$	12,555