The Company has 16 and 17 operating leases for branches (including headquarters) and office spaces at December 31, 2025 and 2024, respectively and six operating leases for equipment at both December 31, 2025 and 2024. Our leases have remaining lease terms ranging from less than one year to approximately 14.1 years, none of which has a renewal option reasonably certain of exercise, which has been reflected in the Company’s calculation of lease term. Certain leases have escalation clauses for operating expenses and real estate taxes. The Company’s non-cancelable operating lease agreements expire through 2040.

Supplemental balance sheet information related to leases was as follows:


	December 31,
	2025			2024
	(Dollars in thousands)
Operating lease ROU assets	$	27,583		$	29,093
Operating lease liabilities		29,353			30,696
Weighted-average remaining lease term-operating leases	11.2 years			12.0 years
Weighted average discount rate-operating leases		5.1	%		5.1	%

The components of lease expense and cash flow information related to leases were as follows:


		For the Years Ended December 31,
		2025		2024		2023
		(Dollars in thousands)
Lease Cost
Operating lease cost	Occupancy and equipment	$	4,282	$	4,111	$	4,150
Operating lease cost	Other operating expenses		8		26		20
Short-term lease cost	Other operating expenses		27		23		19
Variable lease cost	Occupancy and equipment		160		160		126
Total lease cost		$	4,477	$	4,320	$	4,315

As of December 31, 2025, the Company's operating lease liabilities were as follows:


	Minimum Rental
Years ended December 31:	(in thousands)
2026	$	4,027
2027		3,780
2028		3,808
2029		3,360
2030		3,423
Thereafter		21,158
Total Minimum payments required		39,556
Less: implied interest		10,203
Present value of lease liabilities	$	29,353

Lease Commitments: As of December 31, 2025, there are noncancelable operating leases for office space that expire on various dates through 2040. Certain of these leases contain escalation clauses providing for increased rental based on pre-scheduled annual increases or on increases in real estate taxes.