Note 13—Leases The Company has operating lease agreements relating to its facilities. The Company’s operating lease agreements have remaining terms ranging from less than one year to eight years. Some of the operating lease agreements include options to extend the term for up to five years. None of the Company’s operating lease agreements require the Company to make variable lease payments. The Company’s lease agreements are summarized below: | | | | | | | | | | | | | | | | | | | | | | | | Quarter ended June 30, | | Six months ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (dollars in thousands) | Lease expense: | | | | | | | | | | | | | Operating leases | | $ | 5,692 | | $ | 4,033 | | $ | 10,899 | | $ | 8,035 | Short-term leases | | | 125 | | | 82 | | | 225 | | | 148 | Sublease income | | | (378) | | | (378) | | | (755) | | | (755) | Net lease expense included in
Occupancy and equipment expense | | $ | 5,439 | | $ | 3,737 | | $ | 10,369 | | $ | 7,428 | | | | | | | | | | | | | | Other information: | | | | | | | | | | | | | Payments for operating leases | | $ | 5,404 | | $ | 5,335 | | $ | 10,318 | | $ | 10,412 | Operating lease right-of-use assets recognized | | $ | 31,049 | | $ | 648 | | $ | 32,218 | | $ | 1,209 | Period end weighted averages: | | | | | | | | | | | | | Remaining lease term (in years) | | | | | | | | | 6.1 | | | 3.3 | Discount rate | | | | | | | | | 5.4% | | | 3.9% |
Lease payment obligations attributable to the Company’s operating lease liabilities are summarized below: | | | | Twelve months ended June 30, | | Operating leases | | | (in thousands) | 2027 | | $ | 10,559 | 2028 | | | 17,051 | 2029 | | | 17,980 | 2030 | | | 19,485 | 2031 | | | 21,449 | Thereafter | | | 35,201 | Total lease payments | | | 121,725 | Less imputed interest | | | (20,078) | Operating lease liability included in Accounts payable and accrued expenses | | $ | 101,647 |
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