v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Assets And Liabilities, Lessee

The following tables present information about the Company’s leases:

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

March 31, 2026

 

 

December 31, 2025

 

 

Lease liabilities

 

$

9,693

 

 

$

9,845

 

 

Right-of-use assets

 

$

9,259

 

 

$

9,438

 

 

Weighted average remaining lease term

 

11 years

 

 

12 years

 

 

Weighted average discount rate

 

 

4.26

 %

 

 

4.25

 %

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Lease Cost

 

March 31, 2026

 

 

March 31, 2025

 

 

Operating lease cost

 

$

287

 

 

$

284

 

 

Short-term lease cost

 

 

4

 

 

 

4

 

 

Total lease cost

 

$

291

 

 

$

288

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

257

 

 

$

251

 

 

Lessee, Operating Lease, Liability, Maturity

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liabilities is as follows:

 

(dollars in thousands)

 

As of

 

Lease payments due

 

March 31, 2026

 

2026, remainder

 

$

765

 

2027

 

 

1,035

 

2028

 

 

1,058

 

2029

 

 

1,083

 

2030

 

 

1,135

 

Thereafter

 

 

7,428

 

Total undiscounted cash flows

 

$

12,504

 

Discount

 

 

(2,811

)

Lease liabilities

 

$

9,693