The Company’s long-term lease agreements are classified as operating leases. Certain of these leases offer the option to extend the lease terms and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably assured of being exercised. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would affect the payment of dividends or require incurring additional financial obligations.

The following tables present information about the Company’s leases as of the dates and for the periods stated.


	December 31,
(Dollars in thousands)	2025			2024
Lease liabilities	$	7,233		$	8,613
Right-of-use asset		6,637			7,962
Weighted average remaining lease term (years)		6.42			6.98
Weighted average discount rate		3.54	%		3.46	%


	December 31,
(Dollars in thousands)	2025		2024
Operating lease cost	$	1,555	$	1,759
Cash paid for amounts included in the measurement of lease liabilities		1,528		1,691

The following table presents a maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities for periods following the date stated.


(Dollars in thousands)	December 31, 2025
2026	$	1,486
2027		1,399
2028		1,178
2029		969
2030		916
Thereafter		2,232
Total undiscounted cash flows		8,180
Discount		(947	)
Lease liabilities	$	7,233