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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Summary of Supplemental Balance Sheet Information The following table contains supplemental balance sheet information related to leases (dollars in thousands):

 

 

 

2024

 

 

2023

 

Operating lease right-of-use assets

 

$

13,861

 

 

$

14,306

 

Operating lease liabilities

 

 

14,190

 

 

 

14,615

 

Weighted-average remaining lease term (in years)

 

4.7

 

 

4.9

 

Weighted-average discount rate

 

 

3.22

%

 

 

3.21

%

Summary of Future Minimum Lease Payments

Future minimum lease payments under operating leases are (in thousands):

 

 

 

Operating Leases

 

2025

 

$

3,110

 

2026

 

 

2,931

 

2027

 

 

2,703

 

2028

 

 

2,083

 

2029

 

 

1,632

 

Thereafter

 

 

3,503

 

Total minimum lease payments

 

 

15,962

 

Less imputed interest

 

 

(1,772

)

Total lease liability

 

$

14,190

 

Summary of Components of Lease Expense

The components of lease expense for the twelve months ended December 31, 2024 and 2023 were as follows (in thousands):

 

 

 

2024

 

 

2023

 

Operating lease cost

 

$

3,394

 

 

$

3,280

 

Short-term lease cost

 

 

118

 

 

 

84

 

Variable lease cost

 

 

775

 

 

 

821

 

Total lease cost

 

 

4,287

 

 

 

4,185

 

Income from subleases

 

 

(429

)

 

 

(382

)

Net lease cost

 

$

3,858

 

 

$

3,803

 

Summary of Operating Lease Cash Flows Cash paid for amounts included in the measurement of lease liabilities was (in thousands):

 

 

 

2024

 

 

2023

 

Operating cash flows from operating leases

 

$

3,333

 

 

$

3,263