v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Components of Lease expense

The components of total lease expense were as follows:

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(In Thousands)

 

Operating lease cost

 

$

336

 

 

$

326

 

 

$

672

 

 

$

670

 

Short-term lease cost

 

 

39

 

 

 

83

 

 

 

90

 

 

 

137

 

Variable lease cost

 

 

202

 

 

 

134

 

 

 

352

 

 

 

275

 

Total lease cost, net

 

$

577

 

 

$

543

 

 

$

1,114

 

 

$

1,082

 

Operating Lease Quantitative Information

Quantitative information regarding the Corporation’s operating leases was as follows:

 

 

June 30, 2026

 

 

December 31, 2025

 

Weighted-average remaining lease term (in years)

 

 

5.63

 

 

 

6.00

 

Weighted-average discount rate

 

 

4.05

%

 

 

4.04

%

Maturity of Operating Lease Liabilities

The following maturity analysis shows the undiscounted cash flows due on the Corporation’s operating lease liabilities:

(In Thousands)

 

 

 

2026

 

$

817

 

2027

 

 

1,647

 

2028

 

 

1,285

 

2029

 

 

933

 

2030

 

 

841

 

Thereafter

 

 

2,002

 

Total undiscounted cash flows

 

 

7,525

 

Discount on cash flows

 

 

(827

)

Total lease liability

 

$

6,698