v3.25.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Right-of-Use Assets and Lease Liabilities
The following table represents the classification of the Company’s Right of Use (“ROU”) assets and lease liabilities on the Consolidated Statements of Financial Condition (in thousands):
June 30,December 31,
20252024
Lease ROU AssetsClassification
Operating lease ROU assetsOther assets$14,972 $15,452 
Finance lease ROU assetPremises and equipment, net955 1,071 
Total lease ROU assets$15,927 $16,523 
Lease Liabilities
Operating lease liabilities (1)
Other liabilities$16,466 $17,114 
Finance lease liabilityOther borrowings1,284 1,421 
Total lease liabilities$17,750 $18,535 
(1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $1.1 million and $4.4 million at June 30, 2025 and December 31, 2024, respectively.
Schedule of Weighted-Average Remaining Lease Term and Discount Rate
June 30,December 31,
20252024
Weighted-Average Remaining Lease Term
Operating leases5.74 years5.84 years
Finance lease4.10 years4.59 years
Weighted-Average Discount Rate
Operating leases3.29 %3.08 %
Finance lease5.63 5.63 
Schedule of Lease Expenses and Other Lease Information
The following table represents lease expenses and other lease information (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Lease Expense
Operating lease expense$1,227 $1,146 $2,430 $2,305 
Finance lease expense:
Amortization of ROU assets58 58 116 116 
Interest on lease liabilities (1)
19 22 38 45 
Total$1,304 $1,226 $2,584 $2,466 
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,316 $1,021 $2,605 $2,122 
Operating cash flows from finance leases19 22 38 45 
Financing cash flows from finance leases69 65 137 130 
(1)Included in borrowed funds interest expense on the Consolidated Statements of Income. All other costs are included in occupancy expense on the Consolidated Statements of Income.
Schedule of Future Minimum Payments for Finance Leases
Future minimum payments for the finance lease and operating leases with initial or remaining terms were as follows (in thousands):
Finance LeaseOperating Leases
For the Year Ending December 31,
2025$175 $2,559 
2026350 4,528 
2027350 3,058 
2028350 1,891 
2029209 1,787 
Thereafter— 4,449 
Total1,434 18,272 
Less: Imputed interest(150)(1,806)
Total lease liabilities$1,284 $16,466 
Schedule of Future Minimum Payments for Operating Leases
Future minimum payments for the finance lease and operating leases with initial or remaining terms were as follows (in thousands):
Finance LeaseOperating Leases
For the Year Ending December 31,
2025$175 $2,559 
2026350 4,528 
2027350 3,058 
2028350 1,891 
2029209 1,787 
Thereafter— 4,449 
Total1,434 18,272 
Less: Imputed interest(150)(1,806)
Total lease liabilities$1,284 $16,466