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Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Summary of Lease Assets and Liabilities

The following table represents the consolidated balance sheet classification of the Company’s ROU assets and lease liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated balance sheet (in thousands):


				September 30,			December 31,
		Classification		2022			2021
Assets:
Operating lease right-of-use assets		Other assets		$	8,889		$	9,812
Liabilities:
Operating lease liabilities		Other liabilities		$	9,015		$	9,881

Summary of Lease Costs and Other Information

The following table represents lease costs and other lease information. As the Company elected, for all classes of underlying assets, not to separate lease and non-lease components and instead to account for them as a single lease component, the variable lease cost primarily represents variable payments such as common area maintenance (in thousands).


		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2022			2021			2022			2021
Lease costs:
Operating lease costs		$	403		$	270		$	1,220		$	764
Variable lease costs			26			18			76			66
Total		$	429		$	288		$	1,296		$	830
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	385		$	257		$	1,163		$	740

Schedule of Remaining Minimum Lease Payments

Future minimum payments for operating leases with initial or remaining terms of one year or more as of September 30, 2022, were as follows (in thousands):


		Amounts
Remainder of 2022		$	391
2023			1,340
2024			1,116
2025			1,047
2026			946
Thereafter			5,250
Total future minimum lease payments			10,090
Amounts representing interest			(1,075)
Present value of net future minimum lease payments		$	9,015