v3.26.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Summary of balance sheet information related to operating leases
The Company had the following related to leases:
December 31,
2025
2024
(Dollars in thousands)
Right-of-use assets$21,705 $23,470 
Lease liabilities23,432 25,168 
Weighted average remaining lease term for operating leases8.4 years9.4 years
Weighted average discount rate used in the measurement of lease liabilities2.58 %2.54 %
Summary of lease cost
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 cost303 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,
20252024
(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 
Summary of future undiscounted operating lease payments
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 
20273,448 
20283,111 
20293,025 
20302,529 
Thereafter10,305 
Total undiscounted lease payments25,972
Less: imputed interest2,540 
Total$23,432