v3.26.1
LEASES (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Operating and Finance Lease Liabilities
LeasesClassificationJune 30, 2026December 31, 2025
Assets:
Operating lease assetsOperating lease right-of-use assets$39,596 $40,876 
Finance lease assetsFinance lease right-of-use assets17,161 17,417 
Finance lease assets
Premises and equipment, net (1)
36 71 
Total leased assets$56,793 $58,364 
Liabilities:
Operating lease liabilitiesOperating lease liabilities$42,687 $43,747 
Finance lease liabilitiesAccrued interest payable and other liabilities18,004 18,051 
Total leased liabilities$60,691 $61,798 
(1) Finance lease assets are recorded net of accumulated amortization of $1.2 million as of June 30, 2026 and $1.1 million as of December 31, 2025.
Schedule of Lease Cost
The components of the Corporation's net lease expense for the three and six months ended June 30, 2026 and 2025, respectively, were as follows:
Three Months Ended June 30,Six Months Ended June 30,
Lease CostClassification2026202520262025
Operating lease costNet occupancy expense$1,047 $787 $2,094 $1,577 
Variable lease costNet occupancy expense85 36 161 85 
Finance lease cost:
Amortization of leased assetsNet occupancy expense146 137 292 284 
Interest on lease liabilitiesInterest expense - borrowed funds and finance lease liabilities238 222 474 458 
Sublease income (1)
Net occupancy expense(26)(25)(54)(51)
Net lease cost$1,490 $1,157 $2,967 $2,353 
(1) Sublease income excludes rental income from owned properties.
Schedule of Finance Lease, Liability, Maturity
The following table sets forth future minimum rental payments under noncancellable leases with initial terms in excess of one year as of June 30, 2026:
Maturity of Lease Liabilities as of June 30, 2026
Operating Leases (1)
Finance LeasesTotal
2026$1,850 $521 $2,371 
20273,469 934 4,403 
20283,357 978 4,335 
20293,196 978 4,174 
20303,156 9784,134 
After 203053,821 37,15690,977 
Total lease payments68,849 41,545 110,394 
Less: Interest26,162 23,541 49,703 
Present value of lease liabilities$42,687 $18,004 $60,691 
(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised.
Schedule of Minimum Annual Rental Commitments Under Operating Lease
The following table sets forth future minimum rental payments under noncancellable leases with initial terms in excess of one year as of June 30, 2026:
Maturity of Lease Liabilities as of June 30, 2026
Operating Leases (1)
Finance LeasesTotal
2026$1,850 $521 $2,371 
20273,469 934 4,403 
20283,357 978 4,335 
20293,196 978 4,174 
20303,156 9784,134 
After 203053,821 37,15690,977 
Total lease payments68,849 41,545 110,394 
Less: Interest26,162 23,541 49,703 
Present value of lease liabilities$42,687 $18,004 $60,691 
(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised.
Schedule of Weighted Average Lease Term and Discount Rate
Lease terms and discount rates related to the Corporation's lease liabilities as of June 30, 2026 and December 31, 2025 were as follows:
Lease Term and Discount RateJune 30, 2026December 31, 2025
Weighted-average remaining lease term (years)
Operating leases21.421.6
Finance leases33.533.9
Weighted-average discount rate
Operating leases4.38 %4.33 %
Finance leases5.32 %5.32 %

Other information related to the Corporation's lease liabilities as of June 30, 2026 and 2025, respectively, was as follows:
Other InformationJune 30, 2026June 30, 2025
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$990 $575