Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Summary of operating leases of lessee

The following table represents the classification of the Company’s right of use and lease liability.

	Statement of Financial Condition Location		June 30, 2023			December 31, 2022
			(In thousands)
Operating Lease Right of Use Asset:
Gross carrying amount			$	16,026		$	17,919
Increased asset from new leases				8,067			—
Accumulated amortization				(1,043	)		(1,893	)
Net book value		Operating lease right-of-use asset	$	23,050		$	16,026
Operating Lease Liability:
Lease liability		Operating lease liability	$	23,805		$	16,772

Summary of lease cost

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
	(In thousands)				(In thousands)
Lease cost:
Operating lease	$	930	$	705	$	1,595	$	1,405
Short-term lease cost		63		10		65		34
Total lease cost	$	993	$	715	$	1,660	$	1,439
Other information:
Cash paid for amounts included in the measurement of lease liabilities	$	696	$	577	$	1,281	$	1,244

Summary of lessee operating lease liability maturity

Future minimum payments under operating leases with terms longer than 12 months are as follows at June 30, 2023 (in thousands):

Twelve months ended June 30,
2024	$	3,401
2025		3,115
2026		3,009
2027		2,794
2028		2,531
Thereafter		17,546
Total future operating lease payment		32,396
Amounts representing interest		(8,591	)
Present value of net future lease payments	$	23,805