v3.26.1
Leased Property (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Lease Income Included in Non-Interest Expense The components of lease income, which were included in non-interest expense on the Consolidated Statements of Income, were as follows (in thousands):
Three Months Ended March 31,
20262025
Operating lease income$695 $693 
Total lease income$695 $693 
Schedule of Remaining Maturities of Operating Lease Receivables
The remaining maturities of operating lease receivables as of March 31, 2026, are as follows (in thousands):
Operating Leases
Remaining nine months ending, December 31, 2026$1,949 
20272,400 
20282,330 
20292,130 
20301,585 
Thereafter1,370 
Total lease receivables$11,764 
Schedule of Right-of-Use Assets and Liabilities by Lease Type
Right-of-use assets and liabilities by lease type, and the associated balance sheet classifications are as follows (in thousands):
Balance Sheet ClassificationMarch 31, 2026December 31, 2025
Right-of-use assets:
Operating leasesOther assets$13,416 $14,096 
Finance leasesOther assets4,299 3,795 
Total right-of-use assets $17,715 $17,891 
Lease liabilities:
Operating leasesOther liabilities$14,047 $14,717 
Finance leasesOther liabilities4,680 4,158 
Total lease liabilities $18,727 $18,875 
Schedule of Lease, Cost
The components of total lease cost were as follows (in thousands):
Three Months Ended March 31,
20262025
Finance lease cost
Right-of-use asset amortization$96 $71 
Interest expense35 27 
Operating lease cost843 834 
Total lease cost$974 $932 
The following table presents additional information about the Company’s leases as of March 31, 2026, and December 31, 2025.
Supplemental lease information (dollars in thousands)March 31, 2026December 31, 2025
Finance lease weighted average remaining lease term (years)10.2810.61
Finance lease weighted average discount rate3.44 %3.32 %
Operating lease weighted average remaining lease term (years)6.536.66
Operating lease weighted average discount rate4.65 %4.64 %
Three Months Ended March 31,
Cash paid for amounts included in the measurement of lease liabilities20262025
Operating cash flows from operating leases$835 $778 
Operating cash flows from finance leases35 27 
Financing cash flows from finance leases78 56 
Right-of-use assets obtained in exchange for new finance lease liabilities600 — 
Right-of-use assets obtained in exchange for new operating lease liabilities— — 
Schedule of Lessee, Operating Lease, Liability, Maturity
The Company’s future undiscounted lease payments for finance and operating leases with initial terms of one year or more as of March 31, 2026, are as follows (in thousands):
Operating LeasesFinance Leases
Remaining nine months ending, December 31, 2026$2,507 $371 
20273,015 504 
20282,451 515 
20292,240 526 
20301,680 538 
Thereafter4,861 3,157 
Total undiscounted lease payments16,754 5,611 
Less: discount(2,707)(931)
Net lease liabilities$14,047 $4,680 
Schedule of Finance Lease, Liability, to be Paid, Maturity
The Company’s future undiscounted lease payments for finance and operating leases with initial terms of one year or more as of March 31, 2026, are as follows (in thousands):
Operating LeasesFinance Leases
Remaining nine months ending, December 31, 2026$2,507 $371 
20273,015 504 
20282,451 515 
20292,240 526 
20301,680 538 
Thereafter4,861 3,157 
Total undiscounted lease payments16,754 5,611 
Less: discount(2,707)(931)
Net lease liabilities$14,047 $4,680