v3.25.2
PREMISES, EQUIPMENT AND LEASES (Tables)
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Summary of Premises and Equipment
A summary of premises, equipment and leases at March 31, 2025 and December 31, 2024 is as follows:
March 31,December 31,
(dollars in thousands)20252024
Land$15,986 $15,986 
Buildings and improvements84,685 83,296 
Furniture and equipment36,966 36,526 
Lease right-of-use assets9,246 8,830 
Total146,883 144,638 
Accumulated depreciation(60,164)(58,928)
Premises and equipment, net$86,719 $85,710 
Summary of Information Related to Operating Leases
Information related to operating leases for the three months ended March 31, 2025 and 2024 was as follows:
Three Months Ended March 31,
(dollars in thousands)20252024
Operating lease cost$498 $476 
Operating cash flows from leases518 572 
Right-of-use assets obtained in exchange for lease obligations837 222 
Weighted average remaining lease term6.7 years7.6 years
Weighted average discount rate3.72 %3.44 %
Summary of Projected Minimum Rental Payments
The projected minimum rental payments under the terms of the leases as of March 31, 2025 were as follows:
(dollars in thousands)Amount
Year ending December 31:
2025 remaining$1,310 
20262,003 
20271,892 
20281,840 
20291,640 
Thereafter3,254 
Total future minimum lease payments11,939 
Less imputed interest(1,420)
Total operating lease liabilities$10,519 
The future lease payments receivable from operating leases as of March 31, 2025 are as follows:
(dollars in thousands)Amount
Year ending December 31:
2025 remaining$7,873 
20263,471 
20272,354 
20281,245 
2029698 
Thereafter48 
Total future minimum lease payments$15,689