| Leases |
11. Leases Supplemental balance sheet information related to finance leases is as follows (in thousands). | | | | | | | | | | September 30, | | December 31, | | | | 2026 | | 2025 | | Finance leases: | | | | | | | | Premises and equipment | | $ | 5,359 | | $ | 4,780 | | Accumulated depreciation | | | (325) | | | (4,377) | | Premises and equipment, net | | $ | 5,034 | | $ | 403 | |
The components of lease costs, including short-term lease costs, are as follows (in thousands). | | | | | | | | | | | | | | | | Three Months Ended September 30, | | | Nine Months Ended September 30, | | | 2026 | | 2025 | | | 2026 | | 2025 | Operating lease cost | | $ | 8,174 | | $ | 7,979 | | | $ | 24,054 | | $ | 24,119 | Less operating lease and sublease income | | | 78 | | | (287) | | | | (452) | | | (1,193) | Net operating lease cost | | $ | 8,252 | | $ | 7,692 | | | $ | 23,602 | | $ | 22,926 | | | | | | | | | | | | | | | Finance lease cost: | | | | | | | | | | | | | | Amortization of ROU assets | | $ | 149 | | $ | 84 | | | $ | 403 | | $ | 251 | Interest on lease liabilities | | | 61 | | | 67 | | | | 183 | | | 215 | Total finance lease cost | | $ | 210 | | $ | 151 | | | $ | 586 | | $ | 466 |
Supplemental cash flow information related to leases is as follows (in thousands). | | | | | | | | | Nine Months Ended September 30, | | | 2026 | | 2025 | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | Operating cash flows from operating leases | | $ | 30,188 | | $ | 24,283 | Operating cash flows from finance leases | | | 203 | | | 220 | Financing cash flows from finance leases | | | 536 | | | 445 | Right-of-use assets obtained in exchange for lease obligations: | | | | | | | Operating leases | | $ | 26,898 | | $ | 15,008 | Finance leases | | | 4,900 | | | — |
Information regarding the lease terms and discount rates of the Company’s leases is as follows. | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | | Weighted Average | | | | Weighted Average | | | | | Remaining Lease | | Weighted Average | | Remaining Lease | | Weighted Average | Lease Classification | | Term (Years) | | Discount Rate | | Term (Years) | | Discount Rate | Operating | | 5.3 | | 5.74 | % | | 4.9 | | 5.87 | % | Finance | | 8.6 | | 4.26 | % | | 1.9 | | 4.99 | % |
Future minimum lease payments under lease agreements as of September 30, 2026, are presented below (in thousands). | | | | | | | Operating Leases | | Finance Leases | 2026 | $ | 7,751 | | $ | 199 | 2027 | | 29,756 | | | 751 | 2028 | | 24,512 | | | 780 | 2029 | | 20,941 | | | 798 | 2030 | | 17,859 | | | 806 | Thereafter | | 30,075 | | | 3,472 | Total minimum lease payments | | 130,894 | | | 6,806 | Less amount representing interest | | (18,476) | | | (1,126) | Lease liabilities | $ | 112,418 | | $ | 5,680 |
As of September 30, 2026, the Company had an additional operating lease that had not yet commenced with future minimum lease payments of approximately $0.1 million. The operating lease is expected to commence in November 2026 with a lease term of 3 years.
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