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Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Schedule of Lease cost

Lease costs for the three months ended March 31, 2023 and 2022 were as follows:

 

 

For the Three Months Ended March 31,

 

(Dollars in thousands)

 

2023

 

 

2022

 

Operating lease cost

 

$

982

 

 

$

600

 

Short-term lease cost

 

 

62

 

 

 

191

 

Total lease cost

 

$

1,044

 

 

$

791

 

Schedule of maturities of operating leases

A schedule of the Company's lease liabilities by contractual maturity for operating leases with initial or remaining terms in excess of one year for each year through 2028 and thereafter is presented below:

(Dollars in thousands)

 

March 31, 2023

 

2023 (nine months remaining)

 

$

1,985

 

2024

 

 

3,043

 

2025

 

 

3,079

 

2026

 

 

3,152

 

2027

 

 

3,214

 

2028 and thereafter

 

 

13,973

 

Total undiscounted lease liability

 

 

28,446

 

Less:

 

 

 

Discount on cash flows

 

 

(4,256

)

Lease signed, but not yet commenced

 

 

(4,345

)

Total operating lease liability

 

$

19,845