Leases (Tables)

3 Months Ended

Mar. 31, 2026

Summary of Minimum Annual Lease Payments under Lease Terms

The following table presents the minimum annual lease payments under the terms of these leases, inclusive of renewal options that the Company is reasonably certain to renew, at March 31, 2026:


	Operating		Finance
(dollars in thousands; unaudited)	March 31, 2026		March 31, 2026

April 1 to December 31, 2026	$	945	$	18
2027	1,136		—
2028	716		—
2029	459		—
2030	413		—
2031 and thereafter	1,869		—
Total lease payments	5,538		18
Less: amounts representing interest	756		—
Present value of lease liabilities	$	4,782	$	18

Summary of Components of Total Lease Expense and Operating Cash Flows

The following table presents the components of total lease expense, including finance lease costs and operating cash flows for the three months ended March 31, 2026 and 2025:


	Three Months Ended
	March 31, 2026		March 31, 2025
	(dollars in thousands; unaudited)
Lease expense:
Operating lease expense (1)	$	310	$	251
Variable lease expense	109		99
Finance lease cost
Right-of-use amortization (2)	9		9
Interest expense (3)	—		1
Total lease expense	$	428	$	360
Cash paid:
Cash paid from operating leases	$	423	$	354
Cash paid from finance leases	$	9	$	9

(1)Included in net occupancy expense and in the Condensed Consolidated Statements of Income (unaudited).

(2)Included in other expense in the Condensed Consolidated Statements of Income (unaudited).

(3)Included in interest on borrowed funds Condensed Consolidated Statements of Income (unaudited).