| Schedule of information pertaining to leases |
| | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | | June 30, | | June 30, | | (Dollars in thousands) | | 2025 | | 2024 | | 2025 | | 2024 | | Lease Cost Components: | | | | | | | | | | | | | | Amortization of ROU assets – finance leases | | $ | 116 | | $ | 117 | | $ | 231 | | $ | 233 | | Interest on lease liabilities – finance leases | | | 7 | | | 8 | | | 14 | | | 18 | | Operating lease cost (cost resulting from lease payments) | | | 15,914 | | | 4,356 | | | 25,283 | | | 8,633 | | Short-term lease cost | | | 425 | | | 184 | | | 780 | | | 323 | | Variable lease cost (cost excluded from lease payments) | | | 1,560 | | | 956 | | | 2,315 | | | 1,753 | | Total lease cost | | $ | 18,022 | | $ | 5,621 | | $ | 28,623 | | $ | 10,960 | | Supplemental Cash Flow and Other Information Related to Leases: | | | | | | | | | | | | | | Finance lease – operating cash flows | | $ | 7 | | $ | 8 | | $ | 14 | | $ | 18 | | Finance lease – financing cash flows | | | 121 | | | 119 | | | 242 | | | 238 | | Operating lease – operating cash flows (fixed payments) | | | 14,277 | | | 4,220 | | | 22,864 | | | 8,413 | | Operating lease – operating cash flows (net change asset/liability) | | | (6,437) | | | (3,300) | | | (11,422) | | | (6,667) | | New ROU assets – operating leases | | | 7,705 | | | 6,550 | | | 397,318 | | | 9,093 | | Weighted – average remaining lease term (years) – finance leases | | | 2.95 | | | 3.93 | | | 2.95 | | | 3.93 | | Weighted – average remaining lease term (years) – operating leases | | | 12.80 | | | 8.86 | | | 12.80 | | | 8.86 | | Weighted – average discount rate - finance leases | | | 1.7% | | | 1.7% | | | 1.7% | | | 1.7% | | Weighted – average discount rate - operating leases | | | 6.4% | | | 3.3% | | | 6.4% | | | 3.3% | | | | | | | | | | | | | | | | Operating lease payments due: | | | | | | | | | | | | | | 2025 (excluding 6 months ended June 30, 2025) | | | | | | | | $ | 28,164 | | | | | 2026 | | | | | | | | | 57,752 | | | | | 2027 | | | | | | | | | 56,766 | | | | | 2028 | | | | | | | | | 56,611 | | | | | 2029 | | | | | | | | | 55,754 | | | | | Thereafter | | | | | | | | | 504,004 | | | | | Total undiscounted cash flows | | | | | | | | | 759,051 | | | | | Discount on cash flows | | | | | | | | | (262,291) | | | | | Total operating lease liabilities | | | | | | | | $ | 496,760 | | | | |
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| Schedule of lease receivables and investment in operating leases and their corresponding balance sheet location |
| | | | | | | | | | | | June 30, | | December 31, | (Dollars in thousands) | | 2025 | | 2024 | Direct financing leases: | | | | | | | Lease receivables | | $ | 39,321 | | $ | 24,584 | Guaranteed residual values | | | 2,972 | | | 1,057 | Unguaranteed residual values | | | 8,496 | | | 5,245 | Initial direct costs | | | 3,186 | | | 2,640 | Less: Unearned income | | | (10,482) | | | (7,362) | Total net investment in direct financing leases | | $ | 43,493 | | $ | 26,164 |
| | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | (Dollars in thousands) | | 2025 | 2024 | | 2025 | | 2024 | Direct financing lease income | | | | | | | | | | | | | Interest income | | $ | 890 | | $ | 229 | | $ | 1,519 | | $ | 392 | Remaining lease payments receivable: | | | | | | | | | | | | | 2025 (excluding 6 months ended June 30, 2025) | | | | | | | | $ | 5,936 | | | | 2026 | | | | | | | | | 9,352 | | | | 2027 | | | | | | | | | 9,378 | | | | 2028 | | | | | | | | | 8,344 | | | | 2029 | | | | | | | | | 4,398 | | | | Thereafter | | | | | | | | | 4,885 | | | | Total undiscounted lease receivable | | | | | | | | | 42,293 | | | | Less: unearned interest income | | | | | | | | | (10,482) | | | | Net lease receivables | | | | | | | | $ | 31,811 | | | |
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