Leases (Tables)

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Schedule of Balance Sheet Information Related to Leases

The following table presents the lease right-of-use assets and lease liabilities recorded on the Condensed Consolidated Balance Sheets at the dates indicated (in thousands):

	March 31, 2025		December 31, 2024
Operating lease right-of-use assets	$	3,546	$	3,725
Operating lease liabilities	$	3,828	$	4,013

Schedule of Components of the Leases and Supplemental Cash Flow Information

The following table presents the components of lease expense for the periods indicated (in thousands):

	Three Months Ended March 31,
	2025		2024
Operating lease expense
Office leases	$	273	$	270
Sublease income	—		(3)
Net lease expense	$	273	$	267

Lease term and discount rate by lease type consisted of the following at the dates indicated:

	March 31, 2025		December 31, 2024
Weighted-average remaining lease term:
Office leases	4.0 years		4.3 years
Weighted-average discount rate (annualized):
Office leases	2.90	%	2.88	%

Supplemental cash flow information related to leases was as follows for the periods indicated (in thousands):

	Three Months Ended March 31,
	2025		2024
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows
Office leases	$	279	$	278

Schedule of Lease Liability Maturities

The following table presents the schedule of lease liability payments at the date indicated (in thousands):

	March 31, 2025
Remainder of 2025	$	1,061
2026	1,012
2027	997
2028	844
2029	136
Thereafter	—
Total lease payments	4,050
Less: Present value discount	222
Present value of lease liabilities	$	3,828