Leases (Tables)

3 Months Ended

Mar. 31, 2024

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		Three Months Ended March 31, 2024			Year ended December 31, 2023
			(In thousands)
Operating Lease Right of Use Asset:
Gross carrying amount			$	23,398		$	16,026
Increased asset from new leases				1,808			9,799
Accumulated amortization				(2,480	)		(2,427	)
Net book value		Operating lease right-of-use asset	$	22,726		$	23,398
Operating Lease Liability:
Lease liability		Operating lease liability	$	23,643		$	24,280

Summary of lease cost

	Three Months Ended March 31,
	2024		2023
	(In thousands)
Lease cost:
Operating lease	$	987	$	665
Short-term lease cost		48		2
Total lease cost	$	1,035	$	667
Other information:
Cash paid for amounts included in the measurement of lease liabilities	$	898	$	585

Summary of lessee operating lease liability maturity

Future minimum payments under operating leases with terms longer than 12 months are as follows at March 31, 2024 (in thousands):

Twelve months ended March 31,
2024	$	3,501
2025		3,453
2026		3,269
2027		2,992
2028		2,779
Thereafter		15,748
Total future operating lease payment		31,742
Amounts representing interest		(8,099	)
Present value of net future lease payments	$	23,643