Operating Leases

3 Months Ended

Mar. 31, 2026

The following table presents operating lease cost and supplemental cash flow information related to leases for the periods indicated:


	Three Months Ended March 31,
($ in thousands)	2026		2025
Operating lease cost (1)	$	938	$	961
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	931	$	931
Right of use assets obtained in exchange for lease obligations	$	—	$	1,345

(1) Included in Occupancy and Equipment on the Consolidated Statements of Income (Unaudited).

The Company used the incremental borrowing rate based on the information available at lease commencement in determining the present value of lease payments. The following table presents supplemental balance sheet information related to leases as of the dates indicated:


($ in thousands)	March 31, 2026			December 31, 2025
Operating leases:
Operating lease assets	$	16,453		$	17,158
Operating lease liabilities	$	18,301		$	18,996
Weighted-average remaining lease term	6.9 years			7.1 years
Weighted-average discount rate	4.80		%	4.78		%

The following table presents maturities of operating lease liabilities as of the date indicated:


($ in thousands)	March 31, 2026
Maturities:
2026	$	2,631
2027	3,192
2028	3,085
2029	2,930
2030	2,778
After 2030	7,586
Total lease payment	22,202
Imputed Interest	(3,901)
Present value of operating lease liabilities	$	18,301