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Lease Investments
9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Lease Investments Lease Investments
As a lessor, the Company’s loan and lease portfolio includes direct finance leases, which are included in Commercial and Agricultural, Renewable Energy, Auto and Light Truck, Medium and Heavy Duty Truck, Aircraft, and Construction Equipment on the Consolidated Statements of Financial Condition. The Company also finances various types of construction equipment, medium and heavy duty trucks, automobiles and other equipment under leases classified as operating leases, which are included in Equipment Owned Under Operating Leases, Net, on the Consolidated Statements of Financial Condition.
The following table shows interest income recognized from direct finance lease payments and operating lease equipment rental income and related depreciation expense.
Three Months Ended
September 30,
Nine Months Ended
September 30,
(Dollars in thousands)2026202520262025
Direct finance leases:
Interest income on lease receivable$2,997 $4,501 $9,263 $12,946 
Operating leases:
Income related to lease payments$452 $693 $1,581 $2,371 
Depreciation expense334 557 1,211 1,894 
Income related to reimbursements from lessees for personal property tax on operating leased equipment for the three months ended September 30, 2026, and 2025, was $0.02 million and $0.01 million, respectively, and for the nine months ended September 30, 2026, and 2025 was $0.15 million and $0.12 million, respectively. Expense related to personal property tax payments on operating leased equipment for the three months ended September 30, 2026, and 2025, was $0.02 million and $0.01 million, respectively, and for the nine months ended September 30, 2026, and 2025 was $0.15 million and $0.12 million, respectively