The following table presents operating lease cost and supplemental cash flow information related to leases for the periods indicated:


	Three Months Ended March 31,
($ in thousands)	2025		2024
Operating lease cost (1)	$	961	$	943
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	931	$	875
Right of use assets obtained in exchange for lease obligations	$	1,345	$	—

(1) Included in Occupancy and Equipment on the Consolidated Statements of Income (Unaudited).

During the three months ended March 31, 2025, the Company recognized an impairment loss of $146 thousand on operating lease assets due to a new sublease contract. The impairment is recorded in Other Expenses on the Consolidated Statements of Income (Unaudited).

The Company used the incremental borrowing rate based on the information available at lease commencement in determining the present value of lease payments. The following table presents supplemental balance sheet information related to leases as of the dates indicated:


($ in thousands)	March 31, 2025			December 31, 2024
Operating leases:
Operating lease assets	$	17,779		$	17,254
Operating lease liabilities	$	19,465		$	18,671
Weighted-average remaining lease term	7.8 years			7.8 years
Weighted-average discount rate	4.77		%	4.72		%

The following table presents maturities of operating lease liabilities as of the date indicated:


($ in thousands)	March 31, 2025
Maturities:
2025	$	2,668
2026	3,216
2027	2,836
2028	2,719
2029	2,553
After 2029	10,147
Total lease payment	24,139
Imputed Interest	(4,674)
Present value of operating lease liabilities	$	19,465