Premises and Equipment |
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| Premises and Equipment | 6.Premises and Equipment Premises and equipment consist of the following (in thousands):
The Bank leases a building for one of its branches. The Bank does not have any future lease commitments for that facility, and is operating on a month-to-month basis. Rent expense was $20,400 and $40,800 during the three and six months ended June 30, 2026, respectively. Rent expense was $20,400 and $40,800 during the three and six months ended June 30, 2025, respectively. The Bank also leases its Oak Park office. The lease was effective in January of 2023 and expired on December 31, 2025, and the Bank did not include renewal option periods in the original right of use asset as the renewal option was not determined to be reasonably certain to occur at lease inception. The lease was renewed in January of 2026. The right of use asset and lease liability are $337,661 and $339,174, respectively, as of June 30, 2026, and $0 as of December 31, 2025. The right of use asset is included in other assets on the consolidated balance sheet and the lease liability is included in accounts payable and accrued expenses on the consolidated balance sheet. There are remaining on the lease, all payments will be made by 2030. The payments remaining on the lease consist of the following for the periods presented:
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