Cash Value of Life Insurance (Tables)

12 Months Ended

Dec. 31, 2023

A summary of the activity in the balance of cash value of life insurance follows:


	Year ended December 31,
(in thousands)	2023		2022
Beginning balance	$	133,742	$	117,857
Acquired policies from business combination	—		13,609
Increase in cash value of life insurance	3,150		2,858
Gain on death benefit	—		309
Insurance proceeds receivable reclassified to other assets	—		(891)
Ending balance	$	136,892	$	133,742
End of period death benefit	$	224,021	$	223,427
Number of policies owned	216		216
Insurance companies used	14		14
Current and former employees and directors covered	79		79