v3.26.1
Lease Commitments
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Lease Commitments Lease Commitments
Our leases relate primarily to office space and bank branches with remaining lease terms of generally 1 to 15 years. Certain lease arrangements contain extension options which typically range from 5 to 10 years at the then fair market rental rates. As these extension options are not generally considered reasonably certain of exercise, they are not included in the lease term.
June 30,
2026
December 31,
2025
ROU asset on leased property, gross$65,612 $44,376 
Accumulated amortization(21,025)(17,120)
ROU asset, net (included in prepaid expenses and other assets in our consolidated balance sheets)$44,587 $27,256 
Lease liability (included in accrued expenses and other liabilities in our consolidated balance sheets)$53,166 $29,049 
Weighted Average Remaining Life - Operating Leases (years)4.745.09
Weighted Average Rate - Operating Leases3.91 %3.52 %
The following table reconciles future undiscounted lease payments due under non-cancelable operating leases to the aggregate operating lessee lease liability as of June 30, 2026:
Remainder of 2026$8,067 
202713,300 
202813,044 
202911,141 
20306,526 
Thereafter7,140 
Total undiscounted operating lease liability59,218 
Imputed interest6,052 
Total operating lease liability included in the accompanying balance sheet$53,166 
Total lease expense for three months ended June 30, 2026 and 2025 was $3,594 and $2,068, respectively. Total lease expense for the six months ended June 30, 2026 and 2025 was $5,862 and $4,104, respectively. The components of total lease expense were as follows:
For the three months ended
June 30,
For the six months ended
 June 30,
2026202520262025
Operating leases$2,894 $2,020 $5,107 $3,990 
Short-term leases725 99 834 201 
Sublease income(25)(51)(79)(87)
Net lease expense$3,594 $2,068 $5,862 $4,104 
We do not currently have any significant finance leases in which we are the lessee, material related-party leases, leases containing residual value guarantees or restrictive covenants.