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Leases (Tables)

3 Months Ended

Mar. 31, 2025

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):


		Balance Sheet		March 31,			December 31,
		Location		2025			2024
Assets:
Operating lease right-of-use assets		Other assets		$	11,627		$	11,951
Liabilities:
Operating lease liabilities		Other liabilities		$	12,242		$	12,472

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
		March 31,
		2025			2024
Lease costs:
Operating lease costs		$	481		$	451
Variable lease costs			16			30
Sublease income			(24)			—
Net lease cost		$	473		$	481
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	385		$	421

Schedule of Remaining Minimum Lease Payments

Future minimum payments for operating leases with initial or remaining terms of one year or more as of March 31, 2025, were as follows (in thousands):


		Amounts
Remainder of 2025		$	1,354
2026			1,695
2027			1,489
2028			1,469
2029			1,398
Thereafter			7,648
Total future minimum lease payments			15,053
Amounts representing interest			(2,811)
Present value of net future minimum lease payments		$	12,242