The Company leases certain office space, land and equipment under operating leases. These leases have original terms ranging from one year to 40 years. Operating lease liabilities and right-of-use assets are recognized at the lease commencement date based on the present value of the future minimum lease payments over the lease term.


	December 31,
	2025			2024
	(Dollars in thousands)
Right-of-use assets	$	21,705		$	23,470
Lease liabilities	23,432			25,168
Weighted average remaining lease term for operating leases	8.4 years			9.4 years
Weighted average discount rate used in the measurement of lease liabilities	2.58		%	2.54		%

The following table is a summary of the Company’s components of net lease cost for the year ended December 31, 2025 and 2024. The variable lease cost primarily represents variable payments such as common area maintenance and utilities.


	Year Ended December 31,
	2025		2024
	(In thousands)
Operating lease cost	$	3,560	$	3,517

Variable lease cost	303		310
Total lease cost included as a component of occupancy and equipment	$	3,863	$	3,827

The following table presents supplemental cash flow information related to operating leases:


	Year Ended December 31,
	2025		2024
	(In thousands)
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows from operating leases	$	3,834	$	3,734
Operating lease liabilities arising from obtaining right-of-use assets (non-cash):
Operating leases	$	1,163	$	1,173

Future undiscounted lease payments for operating leases with initial terms of one year or more as of December 31, 2025 are as follows:


	(In thousands)
2026	$	3,554
2027	3,448
2028	3,111
2029	3,025
2030	2,529
Thereafter	10,305
Total undiscounted lease payments	25,972
Less: imputed interest	2,540
Total	$	23,432