LEASES	6 Months Ended
Jun. 30, 2025
Leases [Abstract]
Leases	NOTE 6 – LEASES Operating leases in which the Company is the lessee are recorded as operating lease right of use (“ROU”) assets and operating liabilities, included in other assets and liabilities, respectively, on its Consolidated Statements of Financial Condition. The Company’s operating leases primarily relate to banking offices with remaining lease terms from less than one to 40 years. The Company’s leases are not complex and do not contain residual value guarantees, variable lease payments, or significant assumptions or judgments made in applying the requirements of Topic 842. Operating leases with an initial term of 12 months or less are not recorded on the Consolidated Statements of Financial Condition and the related lease expense is recognized on a straight-line basis over the lease term. At June 30, 2025, the operating lease ROU assets and liabilities were $ 27.6 million and $ 28.2 million, respectively. At December 31, 2024, ROU assets and liabilities were $ 24.9 million and $ 25.5 million, respectively. The Company recognized $ 0.1 million of rental income during the six months ended June 30, 2025 for a lease that terminated in February 2025. The Company does not have any finance leases. The table below summarizes our lease expense and other information related to the Company’s operating leases. Three Months Ended Six Months Ended June 30, June 30, (Dollars in Thousands) 2025 2024 2025 2024 Operating lease expense $ 897 $ 828 $ 1,761 $ 1,668 Short-term lease expense 240 195 551 389 Total lease expense $ 1,137 $ 1,023 $ 2,312 $ 2,057 Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 882 $ 784 $ 1,794 $ 1,494 Right-of-use assets obtained in exchange for new operating lease liabilities 1,117 40 3,997 40 Weighted average remaining lease term — operating leases (in years) 15.8 16.7 15.8 16.7 Weighted average discount rate — operating leases 3.7% 3.5% 3.7% 3.5% The table below summarizes the maturity of remaining lease liabilities: (Dollars in Thousands) June 30, 2025 2025 $ 1,797 2026 3,601 2027 3,374 2028 3,102 2029 2,880 2030 and thereafter 21,293 Total $ 36,047 Less: Interest (7,860) Present Value of Lease liability $ 28,187 A related party is the lessor in a land lease with the Company. The payments under the lease agreement provide for annual lease payments of approximately $ 0.1 million annually through December 2033, and thereafter, increase by 5 % every 10 years until 2053 at which time the rent amount will adjust based on reappraisal of the parcel rental value. The Company then has four successive options to extend the lease for five years each with rental increases of 5% at each extension. The aggregate remaining obligation of the lease totaled $ 2.1 million at June 30, 2025.

NOTE 6 – LEASES

Operating leases in which the Company is the lessee are recorded as operating

lease right of use (“ROU”) assets and operating

liabilities, included in other assets and liabilities, respectively,

on its Consolidated Statements of Financial Condition.

The Company’s operating

leases primarily relate to banking offices with remaining lease terms

from

less than one

years.

The

Company’s leases are not complex

and do not contain residual value guarantees, variable lease payments, or

significant assumptions

or judgments made in applying the requirements of Topic

842.

Operating leases with an initial term of 12 months or less are not

recorded on the Consolidated Statements of Financial Condition and the related lease expense is recognized on a straight-line basis

over the lease term.

At June 30, 2025, the operating lease ROU assets and liabilities were $

27.6

million and $

28.2

million,

respectively. At December

31, 2024, ROU assets and liabilities were $

24.9

million and $

25.5

million, respectively.

The Company

recognized $

0.1

million of rental income during the six months ended June 30, 2025 for a lease that terminated

in February 2025.

The

Company does not have any finance leases.

The table below summarizes our lease expense and other information related

to the Company’s operating leases.

Three Months Ended

Six Months Ended

June 30,

(Dollars in Thousands)

2025

2024

2025

2024

Operating lease expense

897

828

1,761

1,668

Short-term lease expense

240

195

551

389

Total lease expense

1,137

1,023

2,312

2,057

Other information:

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

Operating cash flows from operating leases

882

784

1,794

1,494

Right-of-use assets obtained in exchange for new operating lease liabilities

1,117

3,997

Weighted average

remaining lease term — operating leases (in years)

15.8

16.7

15.8

16.7

Weighted average

discount rate — operating leases

3.7%

3.5%

3.7%

3.5%

The table below summarizes the maturity of remaining lease liabilities:

(Dollars in Thousands)

June 30, 2025

2025

1,797

2026

3,601

2027

3,374

2028

3,102

2029

2,880

2030 and thereafter

21,293

Total

36,047

Less: Interest

(7,860)

Present Value

of Lease liability

28,187

A related party is the lessor in a land lease with the Company.

The payments under the lease agreement provide for annual lease

payments of approximately $

0.1

million annually through December 2033, and thereafter,

increase by

% every

years until 2053 at

which time the rent amount will adjust based on reappraisal of the parcel rental

value.

The Company then has

four

successive options

to extend the lease for

five years

each with rental increases of 5% at each extension.

The aggregate remaining obligation of the lease

totaled $

2.1

million at June 30, 2025.