v3.26.3
Leases (Tables)
9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Components of Lease expense

The components of total lease expense were as follows:

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(In Thousands)

 

Operating lease cost

 

$

336

 

 

$

336

 

 

$

1,008

 

 

$

1,006

 

Short-term lease cost

 

 

34

 

 

 

36

 

 

 

124

 

 

 

126

 

Variable lease cost

 

 

158

 

 

 

128

 

 

 

510

 

 

 

402

 

Total lease cost, net

 

$

528

 

 

$

500

 

 

$

1,642

 

 

$

1,534

 

Operating Lease Quantitative Information

Quantitative information regarding the Corporation’s operating leases was as follows:

 

 

September 30, 2026

 

 

December 31, 2025

 

Weighted-average remaining lease term (in years)

 

 

5.16

 

 

 

6.00

 

Weighted-average discount rate

 

 

4.06

%

 

 

4.04

%

Maturity of Operating Lease Liabilities

The following maturity analysis shows the undiscounted cash flows due on the Corporation’s operating lease liabilities:

(In Thousands)

 

 

 

2026

 

$

409

 

2027

 

 

1,647

 

2028

 

 

1,285

 

2029

 

 

932

 

2030

 

 

841

 

Thereafter

 

 

2,002

 

Total undiscounted cash flows

 

 

7,116

 

Discount on cash flows

 

 

(761

)

Total lease liability

 

$

6,355