Right-of-use asset and lease obligations by type of property for the periods ended March 31, 2026, and December 31, 2025, are listed below.


March 31, 2026	Right-of-Use Asset		Lease Liability		Weighted Average Lease Term in Years		Weighted Average Discount Rate
Operating Leases
Land and building leases	$	6,215	$	6,145		8.7		3.39	%
Total operating leases	$	6,215	$	6,145		8.7		3.39	%


December 31, 2025	Right-of-Use Asset		Lease Liability		Weighted Average Lease Term in Years		Weighted Average Discount Rate
Operating Leases
Land and building leases	$	3,528	$	3,527		12.1		3.29	%
Total operating leases	$	3,528	$	3,527		12.1		3.29	%

Operating lease costs for the three months ended March 31, 2026, and 2025, are listed below.


	Three Months Ended
	March 31, 2026		March 31, 2025
Operating lease cost	$	392	$	156
Short-term lease cost		—		—
Variable lease cost		134		21
Total operating lease cost	$	526	$	177

There were no sale and leaseback transactions, leverage leases, lease transactions with related parties or leases that had not yet commenced during the three month period ended March 31, 2026.

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is listed below.


Lease Payments	March 31, 2026
Due in one year or less	$	1,261
Due after one year through two years		1,186
Due after two years through three years		1,044
Due after three years through four years		927
Due after four years through five years		766
Thereafter		1,961
Total undiscounted cash flows		7,145
Discount on cash flows		(1,000	)
Total operating lease liability	$	6,145