| Leases |
Leases The Company’s right-of-use assets by class of assets are as follows: | | | | | | | | | | | | | | | Premises | | | | Total | | $ | | | | $ | | Costs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance – December 31, 2025 | 7,177 | | | | 7,177 | | Additions | 4,750 | | | | 4,750 | | Additions through acquisitions | 223 | | | | 223 | | Modifications to and disposals of lease contracts | (2,877) | | | | (2,877) | | Effects of foreign exchange | (550) | | | | (550) | Balance – June 30, 2026 | 8,723 | | | | 8,723 | | | | | | | | Accumulated amortization | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance – December 31, 2025 | 4,790 | | | | 4,790 | | Amortization | 945 | | | | 945 | | Modifications to and disposals of lease contracts | (2,253) | | | | (2,253) | | Effects of foreign exchange | (378) | | | | (378) | Balance – June 30, 2026 | 3,104 | | | | 3,104 | | | | | | | | Carrying value | | | | | | Net balance – December 31, 2025 | 2,387 | | | | 2,387 | Net balance – June 30, 2026 | 5,619 | | | | 5,619 |
The Company’s lease obligations are as follows: | | | | | | | | | | | 2026 | | | | | $ | | | | Balance – January 1 | | 2,560 | | | | | Additions | | 4,718 | | | | | Additions through acquisitions | | 201 | | | | | Disposals | | (630) | | | | | Interest accretion | | 142 | | | | | Lease repayments | | (984) | | | | | Effects of foreign exchange | | (189) | | | | Balance – June 30 | | 5,818 | | | | | | | | | | Current | | 1,941 | | | | | Non-current | | 3,877 | | | | | | 5,818 | | | |
Expenses incurred for the three and six months ended June 30, 2026 and 2025 relating to short-term leases and leases of low-value assets were $10 and $21, respectively (2025 - $15 and $27).
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