v3.26.1
Lease Obligations (Tables)
12 Months Ended
Dec. 31, 2025
Leases Obligations [Abstract]  
Summary of Information Related to Lease Liabilities

The table below summarizes information related to the Company's lease liabilities at or for the years ended December 31, 2025 and 2024:

 

 

For the Years Ended December 31,

 

 

(dollars in thousands)

 

2025

 

2024

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 $

 

167

 

 

 

 $

 

157

 

 

Operating cash flows from finance leases

 

 

 

35

 

 

 

 

 

44

 

 

Financing cash flows from finance leases

 

 

 

101

 

 

 

 

 

93

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term in years – operating leases

 

 

 

4.7

 

 

 

 

 

5.9

 

 

Weighted-average discount rate – operating leases

 

 

 

4.36

 

%

 

 

 

4.35

 

%

Summary of Maturity of Remaining Lease Liabilities

The table below summarizes the maturity of remaining lease liabilities as of December 31, 2025:

 

 

 

Operating

 

 

Finance

 

 

 

Leases

 

 

Lease

 

 

 

(Dollars in thousands)

 

2026

 

$

 

184

 

 

 $

 

136

 

2027

 

 

 

184

 

 

 

 

136

 

2028

 

 

 

184

 

 

 

 

56

 

2029

 

 

 

184

 

 

 

 

 

2030 and thereafter

 

 

 

127

 

 

 

 

 

Total Lease Payments

 

 $

 

863

 

 

 $

 

328

 

Less: Amounts representing interest

 

 

 

(85

)

 

 

 

(51

)

Present value of lease liabilities

 

 $

 

778

 

 

 $

 

277