v3.25.4
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Summary of Supplemental Balance Sheet Information Related to Leases

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

%

Summary of Lease Expense and Cash Flow Information Related to Leases

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

 

Summary of Operating Lease Liabilities 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