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Leases (Tables)
6 Months Ended
Jun. 30, 2025
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
    
Six Months Ended
    
Year Ended
 
    
Condition Location
    
June 30, 2025
    
December 31, 2024
 
            (In thousands)  
Operating Lease Right of Use Asset:
        
Gross carrying amount beginning of year
      $ 21,903      $ 23,398  
Increased asset from new leases
        —         3,066  
Accumulated amortization
        (1,465      (4,561
     
 
 
    
 
 
 
Net book value
    
Operating lease right-of-use asset
     $ 20,438      $ 21,903  
     
 
 
    
 
 
 
Operating Lease Liability:
        
     
 
 
    
 
 
 
Lease liability
     Operating lease liability      $ 21,501      $ 22,941  
     
 
 
    
 
 
 
Summary of lease cost
    
Three Months Ended
June 30,
    
Six Months Ended
June 30,
 
    
2025
    
2024
    
2025
    
2024
 
     (In thousands)      (In thousands)  
Lease cost:
           
Operating lease
   $ 1,015      $ 976      $ 2,040      $ 1,962  
Short-term lease cost
     10        17        77        65  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total lease cost
   $ 1,025      $ 993      $ 2,117      $ 2,027  
  
 
 
    
 
 
    
 
 
    
 
 
 
Other information:
           
Cash paid for amounts included in the measurement of lease liabilities
   $ 947      $ 871      $ 1,887      $ 1,751  
  
 
 
    
 
 
    
 
 
    
 
 
 
Summary of lessee operating lease liability maturity
Future minimum payments under operating leases with terms longer than 12 months are as follows at June 30, 2025 (in thousands):
 
    
Amount
 
     (In thousands)  
Twelve months ended March 31,
  
2026
   $ 3,712  
2027
     3,466  
2028
     3,227  
2028
     2,888  
2030
     2,543  
Thereafter
     13,309  
  
 
 
 
Total future operating lease payment
     29,145  
Amounts representing interest
     (7,644
  
 
 
 
Present value of net future lease payments
   $ 21,501