v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Operating Lease Costs and Additional Information

The following table presents the operating lease costs and additional information for the three months ended March 31, 2026 and 2025.

 

 

Three Months Ended March 31,

 

(Dollars in thousands)

 

2026

 

 

2025

 

Operating lease costs

 

$

634

 

 

$

588

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

697

 

 

 

675

 

Right-of-use asset obtained in exchange for lease liability

 

 

(36

)

 

 

(63

)

Schedule of Breakout of Operating Leases

The following table presents the breakout of the operating leases as of March 31, 2026 and December 31, 2025.

(Dollars in thousands)

 

March 31, 2026

 

 

December 31, 2025

 

Operating lease right-of-use assets

 

$

6,386

 

 

$

6,896

 

Other current liabilities

 

 

2,213

 

 

 

2,205

 

Operating lease liabilities

 

 

4,489

 

 

 

5,041

 

Total operating lease liabilities

 

 

6,702

 

 

 

7,246

 

Weighted average remaining lease term

 

5.8 years

 

 

5.8 years

 

Weighted average discount rate

 

 

5.90

%

 

 

5.90

%

 

Schedule of Maturities of the Lease Liabilities

At March 31, 2026, maturities of the lease liabilities were as follows:

(Dollars in thousands)

 

 

 

Remainder of 2026

 

$

2,061

 

2027

 

 

1,345

 

2028

 

 

760

 

2029

 

 

781

 

2030

 

 

803

 

Thereafter

 

 

2,036

 

Total lease payments

 

 

7,786

 

Less imputed interest

 

 

1,084

 

Total operating lease liabilities

 

$

6,702