v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Operating Lease Costs and Additional Information

The following table presents the operating lease costs and additional information for the three and six months ended June 30, 2026 and 2025.

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(Dollars in thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease costs

 

$

634

 

 

$

556

 

 

$

1,267

 

 

$

1,176

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

698

 

 

 

683

 

 

 

1,395

 

 

 

1,358

 

Right-of-use asset obtained in exchange for lease liability

 

 

(36

)

 

 

(63

)

 

 

(74

)

 

 

(126

)

Schedule of Breakout of Operating Leases

The following table presents the breakout of the operating leases as of June 30, 2026 and December 31, 2025.

(Dollars in thousands)

 

June 30, 2026

 

 

December 31, 2025

 

Operating lease right-of-use assets

 

$

4,214

 

 

$

6,896

 

Other current liabilities

 

 

463

 

 

 

2,205

 

Operating lease liabilities

 

 

3,876

 

 

 

5,041

 

Total operating lease liabilities

 

 

4,339

 

 

 

7,246

 

Weighted average remaining lease term

 

7.2 years

 

 

5.8 years

 

Weighted average discount rate

 

 

6.28

%

 

 

5.90

%

Schedule of Maturities of the Lease Liabilities

At June 30, 2026, maturities of the lease liabilities were as follows:

(Dollars in thousands)

 

 

 

Remainder of 2026

 

$

366

 

2027

 

 

735

 

2028

 

 

756

 

2029

 

 

777

 

2030

 

 

798

 

Thereafter

 

 

2,205

 

Total lease payments (1)

 

 

5,637

 

Less imputed interest

 

 

1,298

 

Total operating lease liabilities

 

$

4,339

 

(1)
Does not include lease obligations commencing after June 30, 2026.