v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

 

(Dollars in thousands)

 

Operating lease ROU assets

 

$

27,055

 

 

$

27,583

 

Operating lease liabilities

 

 

28,874

 

 

 

29,353

 

Weighted-average remaining lease term-operating leases

 

10.8 years

 

 

11.2 years

 

Weighted average discount rate-operating leases

 

 

5.1

%

 

 

5.1

%

Summary of Lease Expense and Cash Flow Information Related to Leases

The components of lease expense and cash flow information related to leases were as follows:

 

 

 

 

 

For the Three

 

 

For the Six

 

 

 

 

 

Months Ended

 

 

Months Ended

 

 

 

 

 

June 30,

 

 

June 30,

 

 

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

(Dollars in thousands)

 

Lease Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

Occupancy and equipment

 

$

1,050

 

 

$

1,047

 

 

$

2,099

 

 

$

2,172

 

Operating lease cost

 

Other operating expenses

 

 

4

 

 

 

4

 

 

 

7

 

 

 

4

 

Short-term lease cost

 

Other operating expenses

 

 

8

 

 

 

7

 

 

 

15

 

 

 

16

 

Variable lease cost

 

Occupancy and equipment

 

 

35

 

 

 

41

 

 

 

73

 

 

 

88

 

Total lease cost

 

 

 

$

1,097

 

 

$

1,099

 

 

$

2,194

 

 

$

2,280

 

Summary of Minimum Annual Rental Payments under Terms of Leases

The Company’s minimum annual rental payments under the terms of the leases are as follows at June 30, 2026:

 

 

 

Minimum Rental

 

Years ended December 31:

 

(in thousands)

 

Remainder of 2026

 

$

2,049

 

2027

 

 

3,866

 

2028

 

 

3,808

 

2029

 

 

3,360

 

2030

 

 

3,423

 

Thereafter

 

 

21,157

 

Total Minimum payments required

 

 

37,663

 

Less: implied interest

 

 

8,789

 

Present value of lease liabilities

 

$

28,874