v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Operating Lease Right-of-use Asset and Liability

The following table summarizes the amount and balance sheet line item for our operating lease right-of-use asset and liability as of the dates presented:

 

 

Balance Sheet Line Item

 

June 30, 2026

 

 

December 31, 2025

 

Operating lease right-of-use asset

 

 Accrued interest receivable and other assets

 

$

8,829

 

 

$

9,034

 

Operating lease liability

 

 Accrued interest payable and other liabilities

 

 

9,507

 

 

 

9,851

 
Summary of Lease Costs and Company's Operating Leases

The following table presents components of total lease costs included as a component of occupancy expense on the Condensed Consolidated Statements of Operations for the periods presented:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease cost

 

$

736

 

 

$

676

 

 

$

1,461

 

 

$

1,388

 

Short-term lease cost

 

 

83

 

 

 

146

 

 

 

198

 

 

 

280

 

Variable lease cost

 

 

299

 

 

 

475

 

 

 

552

 

 

 

865

 

Less: Sublease income

 

 

(156

)

 

 

(135

)

 

 

(304

)

 

 

(268

)

Total lease cost, net

 

$

962

 

 

$

1,162

 

 

$

1,907

 

 

$

2,265

 
Schedule of Future Minimum Lease Payments for Operating Leases

The future minimum lease payments for operating leases, subsequent to June 30, 2026, as recorded on the Condensed Consolidated Statements of Financial Condition, are summarized as follows:

 

 

Operating Lease
Commitments

 

Remainder of 2026

 

$

1,527

 

2027

 

 

2,456

 

2028

 

 

2,170

 

2029

 

 

1,963

 

2030

 

 

1,045

 

Thereafter

 

 

1,292

 

   Total undiscounted lease payments

 

 

10,453

 

Less: Imputed interest

 

 

(946

)

Net lease liabilities

 

$

9,507