Note 6: Leases The Company has operating leases for various locations with terms ranging from one to ten years. Some operating leases include options to extend. The extensions were included in the ROU asset if the likelihood of extension was reasonably certain. The Company elected not to separate non-lease components from lease components for its operating leases. Supplemental balance sheet information related to leases is presented in the table below as of June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | December 31, 2025 | | | | | | | (In thousands) | Balance Sheet | | | | | | Operating lease ROU asset (in other assets) | | | | | | | $ | 13,803 | | $ | 6,006 | Operating lease liability (in other liabilities) | | | | | | | | 15,199 | | | 7,264 | | | | | | | | | | | | | Weighted average remaining lease term (years) | | | | | | | | 6.0 | | | 3.7 | Weighted average discount rate | | | | | | | | 3.98% | | | 3.44% |
The table below presents the components of lease expenses for the three and six months ended June 30, 2026 and 2025. Operating lease expenses are included in occupancy and equipment expense on the unaudited condensed consolidated statements of income. | | | | | | | | | | | | | | Three Months Ended | | | Six Months Ended | | | June 30, | | | June 30, | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | | (In thousands) | | | (In thousands) | Statement of Income | | | | | | Components of lease expense: | | | | | | | | | | | | Operating lease cost | $ | 919 | | $ | 738 | | $ | 1,558 | | $ | 1,432 |
Supplemental cash flow information related to leases is presented in the tables below. | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | | | | | | | | | | (In thousands) | Maturities of operating lease liabilities: | | | | | | | | | | | | One year or less | | | | | | | | | | $ | 2,891 | Year two | | | | | | | | | | | 3,090 | Year three | | | | | | | | | | | 3,001 | Year four | | | | | | | | | | | 2,431 | Year five | | | | | | | | | | | 2,076 | Thereafter | | | | | | | | | | | 3,798 | Total future minimum lease payments | | | | | | | | | | | 17,287 | Less: imputed interest | | | | | | | | | | | 2,088 | Total | | | | | | | | | | $ | 15,199 |
| | | | | | | | | | | | | | | | | Six Months Ended | | | | | | June 30, | | | | | | | | | 2026 | | | 2025 | | | | | | | (In thousands) | Cash Flow Statement | | | | | | | | | Supplemental cash flow information: | | | | | | | | | | | | Operating cash flows for operating leases | | | | | | | $ | 1,062 | | $ | 1,133 | ROU assets obtained in exchange for new operating lease liabilities | | | | | | | | 8,916 | | | — |
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