v3.26.1
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
The Company records a ROUA on the consolidated balance sheets for those leases that convey rights to control use of identified assets for a period of time in exchange for consideration. The Company also records a lease liability on the consolidated balance sheets for the present value of future payment commitments. All of the Company’s leases are comprised of operating leases in which the Company is lessee of real estate property for branches, ATM locations, and general administration and operations. The Company has elected not to include short-term leases (i.e. leases with initial terms of 12 month or less) within the ROUA and lease liability.

The following table presents the components of lease expense for the periods ended:
Three months ended June 30,Six months ended June 30,
(in thousands)2026202520262025
Operating lease cost$1,574 $1,401 $3,139 $2,818 
Short-term lease cost51 49 101 95 
Variable lease income(5)(6)(11)(16)
Total lease cost$1,620 $1,444 $3,229 $2,897 
The following table presents supplemental cash flow information related to leases for the periods ended:
Three months ended June 30,Six months ended June 30,
(in thousands)2026202520262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$1,679 $1,486 $3,348 $2,996 
ROUA obtained in exchange for operating lease liabilities$158 $535 $778 $1,006 
The following table presents the weighted average operating lease term and discount rate as of the period ended:
June 30,
20262025
Weighted-average remaining lease term (years)7.27.3
Weighted-average discount rate3.88 %3.58 %
At June 30, 2026, future expected operating lease payments are as follows:
(in thousands)
Periods ending December 31,
2026$3,053 
20275,734 
20284,493 
20293,180 
20302,751 
Thereafter9,940 
29,151 
Discount for present value of expected cash flows(3,851)
Lease liability at June 30, 2026$25,300