v3.26.1
OPERATING LEASES (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Lease, Cost
The following table presents total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate for the periods presented:

Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2026202520262025
Lease cost:
Operating lease cost$1,259 $1,336 $2,519 $2,643 
Variable lease cost1,132 643 1,426 1,262 
Total lease cost$2,391 $1,979 $3,945 $3,905 
Other information:
Operating cash flows from operating leases$(1,262)$(1,279)$(2,494)$(2,559)
Weighted-average remaining lease term - operating leases 8.9 years10.0 years8.9 years10.0 years
Weighted-average discount rate - operating leases4.18 %4.13 %4.18 %4.13 %
Lessee, Operating Lease, Liability, Maturity
The following table presents a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities as of June 30, 2026, for the remainder of fiscal year 2026, the next five succeeding fiscal years and all years thereafter:

(dollars in thousands)Undiscounted Cash FlowsLease Liability ExpenseLease Liabilities
Year Ending December 31,
2026 (remainder)$2,510 $479 $2,031 
20274,257 843 3,414 
20283,432 722 2,710 
20293,016 619 2,397 
20303,036 519 2,517 
20312,683 420 2,263 
Thereafter10,166 1,435 8,731 
Total $29,100 $5,037 $24,063 
Operating Lease, Lease Income
In addition, the Company, as lessor, leases certain properties that it owns. All of these leases are operating leases. The following table presents lease income related to these leases that was recognized for the periods presented:

Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2026202520262025
Total rental income recognized$414 $481 $780 $949 
Lessor, Operating Lease, Payments to be Received, Maturity
The following table presents estimated lease payments, based on the Company's leases as lessor as of June 30, 2026, for the remainder of fiscal year 2026, the next five succeeding fiscal years, and all years thereafter:

(dollars in thousands)
Year Ending December 31,
2026 (remainder)$759 
20271,402 
2028965 
2029806 
2030669 
2031578 
Thereafter691 
Total $5,870