v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Summary of Supplemental Balance Sheet Information The following table contains supplemental balance sheet information related to leases (dollars in thousands):

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Operating lease right-of-use assets

 

$

12,640

 

 

$

12,674

 

Operating lease liabilities

 

 

13,195

 

 

 

13,210

 

Weighted-average remaining lease term (in years)

 

 

4.0

 

 

4.4

 

Weighted-average discount rate

 

 

3.57

%

 

 

3.54

%

Summary of Maturities of Lease Liabilities

Year Ended December 31,

 

Operating Leases

 

2026

 

$

1,835

 

2027

 

 

3,419

 

2028

 

 

2,753

 

2029

 

 

2,271

 

2030

 

 

1,541

 

Thereafter

 

 

2,748

 

Total minimum lease payments

 

 

14,567

 

Less imputed interest

 

 

(1,372

)

Total lease liabilities

 

$

13,195

 

 

Summary of Components of Lease Expense

The components of lease expense for the three and six months ended June 30, 2026 and 2025 were as follows (in thousands):

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease cost

 

$

926

 

 

$

841

 

 

$

1,838

 

 

$

1,667

 

Short-term lease cost

 

 

39

 

 

 

30

 

 

 

76

 

 

 

61

 

Variable lease cost

 

 

247

 

 

 

255

 

 

 

420

 

 

 

598

 

Total lease cost

 

 

1,212

 

 

 

1,126

 

 

 

2,334

 

 

 

2,326

 

Income from subleases

 

 

(85

)

 

 

(91

)

 

 

(162

)

 

 

(171

)

Net lease cost

 

$

1,127

 

 

$

1,035

 

 

$

2,172

 

 

$

2,155

 

Summary of Operating Lease Cash Flows

 

 

June 30, 2026

 

 

June 30, 2025

 

Operating cash flows used on operating leases

 

$

1,760

 

 

$

1,639