v3.25.1
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Summary of obligations and commitments under operating lease and employment agreements
The following summarizes the Company’s obligations and commitments, as of December 31, 2024 for future minimum cash payments required under operating lease and employment agreements:
YearOperating Leases
Employment Agreements1
Total
2025$2,383 $902 $3,285 
20262,355 — 2,355 
2027798 — 798 
2028242 — 242 
2029249 — 249 
Thereafter2,237 — 2,237 
Total$8,264 $902 $9,166 
1 Employment agreements with certain of the Company’s named executive officers.
Schedule of unfunded commitments
At December 31, 2024 and 2023, the Company had unfunded commitments as follows:

December 31, 2024December 31, 2023
SBA 7(a) loans
$25,032 $20,365 
SBA 504 loans
72,557 81,023 
C&I loans
9,542 13,150 
ALP loans
— 10,877 
Total unfunded commitments
$107,132 $125,415