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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Balance Sheet Information Related to Leases
The following table represents the Consolidated Balance Sheet classification of the Company’s lease right of use assets and lease liabilities at December 31, 2024 and 2023 (in thousands):
December 31,
20242023
Operating lease right of use assets$3,725 $4,496 
Operating lease liabilities4,013 4,821 
Schedule of Components of the Leases and Lease Term and Discount Rate by Lease Type
The following table represents the components of lease expense for the years ended December 31, 2024 and 2023 (in thousands):
Year Ended December 31,
20242023
Operating lease expense:
Office leases$1,083 $1,078 
Sublease income(4)(11)
Net lease expense$1,079 $1,067 
Lease term and discount rate by lease type at December 31, 2024 and 2023 consisted of the following:
December 31,
20242023
Weighted-average remaining lease term:
Office leases4.3 years5.2 years
Weighted-average discount rate:
Office leases2.88 %2.77 %
Supplemental cash flow information related to leases for the years ended December 31, 2024 and 2023 was as follows (in thousands):
Year Ended December 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows
Office leases$1,120 $1,092 
Schedule of Lease Liability Maturities
The following table represents the maturity of lease liabilities at December 31, 2024 (in thousands):
December 31, 2024
Office
Leases
Operating Lease Commitments
2025$1,024 
20261,007 
20271,009 
2028881 
2029341 
Total lease payments4,262 
Less: Present value discount249 
Present value of lease liabilities$4,013