v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases  
Schedule of information pertaining to leases

Three Months Ended

Six Months Ended

June 30,

June 30,

 

(Dollars in thousands)

  ​ ​ ​

2026

2025

  ​ ​ ​

2026

2025

 

Lease Cost Components:

Amortization of ROU assets – finance leases

$

116

$

116

$

231

$

231

Interest on lease liabilities – finance leases

5

7

10

14

Operating lease cost (cost resulting from lease payments)

17,334

15,914

34,065

25,283

Short-term lease cost

195

425

397

780

Variable lease cost (cost excluded from lease payments)

 

1,395

 

1,560

 

2,344

 

2,315

Total lease cost

$

19,045

$

18,022

$

37,047

$

28,623

Supplemental Cash Flow and Other Information Related to Leases:

Finance lease – operating cash flows

$

4

$

7

$

10

$

14

Finance lease – financing cash flows

123

121

246

242

Operating lease – operating cash flows (fixed payments)

14,341

14,277

28,979

22,864

Operating lease – operating cash flows (net change asset/liability)

(6,249)

(6,437)

(12,630)

(11,422)

New ROU assets – operating leases

36,501

7,705

38,319

397,318

Weighted – average remaining lease term (years) – finance leases

1.99

2.95

1.99

2.95

Weighted – average remaining lease term (years) – operating leases

 

12.26

12.80

 

12.26

 

12.80

Weighted – average discount rate - finance leases

1.8%

1.7%

1.8%

1.7%

Weighted – average discount rate - operating leases

 

6.4%

 

6.4%

 

6.4%

 

6.4%

 

 

 

 

Operating lease payments due:

2026 (excluding 6 months ended June 30, 2026)

$

29,067

2027

60,135

2028

61,553

2029

61,078

2030

59,570

Thereafter

518,519

Total undiscounted cash flows

789,922

Discount on cash flows

(264,713)

Total operating lease liabilities

$

525,209

Schedule of lease receivables and investment in operating leases and their corresponding balance sheet location

June 30,

December 31,

(Dollars in thousands)

  ​ ​ ​

2026

2025

 

Direct financing leases:

Lease receivables

$

205,742

$

92,927

Guaranteed residual values

5,697

4,212

Unguaranteed residual values

16,528

11,335

Initial direct costs

7,191

3,502

Less: Unearned income

 

(35,510)

 

(17,690)

Total net investment in direct financing leases

$

199,648

$

94,286

Three Months Ended

Six Months Ended

June 30,

June 30,

(Dollars in thousands)

2026

2025

2026

2025

Direct financing lease income

Interest income

$

2,938

$

890

$

5,167

$

1,519

Remaining lease payments receivable:

2026 (excluding 6 months ended June 30, 2026)

$

26,626

2027

 

47,248

2028

 

39,882

2029

 

41,177

2030

29,511

Thereafter

 

26,995

Total undiscounted lease receivable

 

211,439

Less: unearned interest income

(35,510)

Net lease receivables

$

175,929