v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Summary of operating leases of lessee

The following table represents the classification of the Company’s right of use asset and lease liability.

 

 

Statement of Financial

 

Six Months Ended

 

 

Year Ended

 

 

Condition Location

 

June 30, 2026

 

 

December 31, 2025

 

 

 

 

(In thousands)

 

Operating Lease Right of Use
   Asset:

 

 

 

 

 

 

 

 

Gross carrying amount beginning
   of year

 

 

 

$

20,121

 

 

$

21,903

 

Increased asset from new leases

 

 

 

 

860

 

 

 

1,165

 

Accumulated amortization

 

 

 

 

(1,516

)

 

 

(2,947

)

Net book value

 

Operating lease right-of-use asset

 

$

19,465

 

 

$

20,121

 

Operating Lease Liability:

 

 

 

 

 

 

 

 

Lease liability

 

Operating lease liability

 

$

20,534

 

 

$

21,194

 
Summary of lessee operating lease liability maturity

Future minimum payments under operating leases with terms longer than 12 months are as follows at June 30, 2026 (in thousands):

 

 

Amount

 

 

(In thousands)

 

Twelve months ended June 30,

 

 

 

2027

 

$

3,758

 

2028

 

 

3,524

 

2029

 

 

3,191

 

2030

 

 

2,851

 

2031

 

 

2,285

 

Thereafter

 

 

11,190

 

Total future operating lease payment

 

 

26,799

 

Amounts representing interest

 

 

(6,265

)

Present value of net future lease payments

 

$

20,534

 
Summary of lease cost

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

(In thousands)

 

 

(In thousands)

 

Lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease

 

$

1,044

 

 

$

1,015

 

 

$

2,084

 

 

$

2,040

 

Short-term lease cost

 

 

46

 

 

 

10

 

 

 

84

 

 

 

77

 

Total lease cost

 

$

1,090

 

 

$

1,025

 

 

$

2,168

 

 

$

2,117

 

Other information:

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of
   lease liabilities

 

$

968

 

 

$

947

 

 

$

1,932

 

 

$

1,887