v3.26.1
Operating Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Summary of Operating Lease Assets and Liabilities
The following table summarizes operating lease ROU assets and operating lease liabilities and their corresponding balance sheet location:
(Dollars in thousands)
ClassificationJune 30,
2026		December 31,
2025
Assets
Operating lease ROU assetsPrepaid expenses and other assets$6,393 $6,966 
Liabilities
Operating lease liabilitiesAccrued expenses and other liabilities$6,814 $7,385 
The following table summarizes the weighted average remaining lease term and discount rate for First Carolina Bank's operating leases at June 30, 2026 and December 31, 2025:
June 30,
2026		December 31,
2025
Operating Leases weighted average remaining lease term (years)5.66.1
Operating Leases weighted average discount rate3.42 %3.44 %
Summary of Operating Lease Cost
The following table summarizes operating lease cost and its corresponding income statement location for the periods presented:
(Dollars in thousands)
ClassificationThree Months Ended
June 30, 2026		Three Months Ended
June 30, 2025
Noninterest expense
Operating lease costOccupancy and equipment$347 $316 

(Dollars in thousands)
ClassificationSix Months Ended
June 30, 2026		Six Months Ended
June 30, 2025
Noninterest expense
Operating lease costOccupancy and equipment$693 $615 
Summary of Operating Lease Liability Maturities
Maturities of non-cancellable operating lease liabilities, included in accrued expenses and other liabilities on the statement of financial conditions were as follows at June 30, 2026:
(Dollars in thousands)
Maturity AnalysisOperating
2026$1,402 
20271,442 
20281,476 
20291,511 
2030857 
Thereafter735 
Total undiscounted cash flows7,423 
Less: present value discount(609)
Total lease liabilities$6,814