v3.24.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Operating Lease, Lease Income [Abstract]  
Schedule of Supplemental Cash Flow

ROU assets are included in Other assets and operating lease liabilities are included in Other liabilities.

(amounts in thousands)

 

2023

 

 

2022

 

ROU assets

 

$

3,422

 

 

$

2,789

 

Operating lease liabilities

 

 

3,551

 

 

 

3,149

 

Weighted-average remaining lease terms

 

2.63 years

 

 

2.12 years

 

Weighted-average discount rate

 

 

6.4

%

 

 

4.5

%
Schedule of Supplemental Cash Flow

Supplemental cash flow information related to leases was as follows:

(amounts in thousands)

 

2023

 

 

2022

 

Cash paid for amounts included in the measurement of operating
   lease liabilities

 

$

2,067

 

 

$

2,627

 

ROU assets obtained in exchange for operating lease liabilities

 

 

2,322

 

 

 

1,188

 
Schedule of Future Minimum Lease Payments

Future minimum lease payments as of December 31, 2023, were as follows (in thousands):

Years Ending December 31,

 

 

 

2024

 

$

1,643

 

2025

 

 

1,202

 

2026

 

 

676

 

2027

 

 

319

 

2028

 

 

—

 

Thereafter

 

 

—

 

Total undiscounted lease payments

 

$

3,840

 

Less - present value discount

 

 

320

 

Lease liability, at present value

 

$

3,520

 

Future minimum lease payments as of December 31, 2022 were as follows (in thousands):

Years Ending December 31,

 

 

 

2023

 

$

1,910

 

2024

 

 

879

 

2025

 

 

449

 

2026

 

 

60

 

2027

 

 

—

 

Thereafter

 

 

—

 

Total undiscounted lease payments

 

$

3,298

 

Less - present value discount

 

 

149

 

Lease liability, at present value

 

$

3,149

 
Schedule of Components of Operating Lease Expense

The components of operating lease expense during the year ended December 31, 2023 and 2022 are shown on the table below (in thousands), while rent expense for the year ended December 31, 2021 was $2.2 million.

(amounts in thousands)

 

2023

 

 

2022

 

Operating lease expense

 

$

1,691

 

 

$

1,615

 

Short-term lease expense

 

 

159

 

 

 

473

 

Variable lease expense

 

 

237

 

 

 

218

 

Total operating lease expense

 

$

2,087

 

 

$

2,306