Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

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COMMITMENTS AND CONTINGENCIES (Tables)
 3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Lease Cost
The following table summarizes the Company’s leases as of March 31, 2024 and December 31, 2023 (dollar amounts in thousands):
March 31, 2024 December 31, 2023
Right-of-use assets, included in Other assets $ 17,121  $ 17,491 
Lease Liabilities, included in Other liabilities 19,415  19,557 
Weighted-average remaining lease term (in years) 5.7 5.9
Weighted-average discount rate 4.89  % 4.82  %
The components of lease expense included in general and administrative expenses in the condensed consolidated statements of operations for the three months ended March 31, 2024 and 2023 are as follows (in thousands):
Three Months Ended March 31,
2024 2023
Operating lease costs $ 1,214  $ 1,009 
Variable lease costs 64 64
Total lease costs, included in general and administrative expenses $ 1,278  $ 1,073 
Cash paid for amounts included in the measurement of operating lease liabilities $ 1,299  $ 1,316 
Schedule of Maturities of Operating Lease Liabilities
As of March 31, 2024, the maturities of operating lease liabilities were as follows (in thousands):
2024 (excluding the three months ended March 31, 2024) $ 3,072 
2025 4,730 
2026 4,482 
2027 3,813 
2028 1,251 
2029 1,222 
Thereafter 4,275 
Total lease liabilities 22,845 
Less: Imputed interest (3,430)
Total operating lease liabilities $ 19,415