v3.26.3
Leases
9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Leases Leases –
The Bank leases certain banking center offices through non-cancelable operating leases with terms that range from one to ten years and contain various renewal options for certain of the leases. Certain leases provide for increases in minimum monthly rental payments as defined by the lease agreement. Rental expense under these agreements was $7.1 million and $6.4 million for the nine months ended September 30, 2026 and 2025, respectively. At September 30, 2026, the Company had a weighted average lease term of 5.2 years and a weighted average discount rate of 3.98%.
Future minimum lease payments under these leases are as follows:
(Dollars in thousands)
October 1, 2026 through December 31, 2026$2,853 
January 1, 2027 through December 31, 20275,837 
January 1, 2028 through December 31, 20285,349 
January 1, 2029 through December 31, 20294,425 
January 1, 2030 through December 31, 20302,958 
January 1, 2031 and Thereafter5,935 
Total Future Minimum Lease Payments27,357 
Less Imputed Interest(2,628)
Present Value of Lease Liabilities$24,729