v3.26.3
LEASES
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
LEASES LEASES
A lease provides the lessee the right to control the use of an identified asset for a period of time in exchange for consideration. The Company has primarily entered into operating leases for branches and office space. Most of the Company's leases contain renewal options, which the Company is reasonably certain to exercise. Including renewal options, the Company's leases range from one to 27 years. Operating and finance lease right-of-use assets are included in other assets, operating lease liabilities are included in other liabilities and the finance lease liability is included in other borrowings on the Company's unaudited condensed consolidated balance sheets.
The Company uses its incremental borrowing rate to determine the present value of the lease payments, as the rate implicit in the Company's leases is not readily determinable. Lease agreements that contain non-lease components are generally accounted for as a single lease component, while variable costs, such as common area maintenance expenses and property taxes, are expensed as incurred.
The following table summarizes the Company's operating leases at September 30, 2026 and December 31, 2025:
September 30, 2026December 31, 2025
Operating lease ROU assets$12,557 $13,854 
Operating lease liabilities13,418 14,722 
Weighted-average remaining lease term (in years)15.215.2
Weighted-average discount rate4.6 %4.5 %
The following table summarizes the Company's finance lease at September 30, 2026 and December 31, 2025:
September 30, 2026December 31, 2025
Financing lease assets
$250 $299 
Weighted-average remaining lease term (in years)3.44.2
Weighted-average discount rate5.0 %5.0 %
The following table presents information related to the Company's operating and finance leases for the three and nine months ended September 30, 2026 and 2025:
Three Months EndedNine Months Ended
September 30, 2026September 30, 2025September 30, 2026September 30, 2025
Cash paid for operating lease liabilities$424 $395 $1,267 $1,183 
Cash paid for finance lease liabilities20 20 60 59 
Operating lease expense405 332 1,959 1,462 
The following table presents expected future maturities of the Company's operating lease liabilities as of September 30, 2026:
2026$426 
20271,730 
20281,296 
20291,213 
20301,167 
Thereafter14,025 
19,857 
Less: imputed interest6,439 
Total operating lease liabilities$13,418 
LEASES LEASES
A lease provides the lessee the right to control the use of an identified asset for a period of time in exchange for consideration. The Company has primarily entered into operating leases for branches and office space. Most of the Company's leases contain renewal options, which the Company is reasonably certain to exercise. Including renewal options, the Company's leases range from one to 27 years. Operating and finance lease right-of-use assets are included in other assets, operating lease liabilities are included in other liabilities and the finance lease liability is included in other borrowings on the Company's unaudited condensed consolidated balance sheets.
The Company uses its incremental borrowing rate to determine the present value of the lease payments, as the rate implicit in the Company's leases is not readily determinable. Lease agreements that contain non-lease components are generally accounted for as a single lease component, while variable costs, such as common area maintenance expenses and property taxes, are expensed as incurred.
The following table summarizes the Company's operating leases at September 30, 2026 and December 31, 2025:
September 30, 2026December 31, 2025
Operating lease ROU assets$12,557 $13,854 
Operating lease liabilities13,418 14,722 
Weighted-average remaining lease term (in years)15.215.2
Weighted-average discount rate4.6 %4.5 %
The following table summarizes the Company's finance lease at September 30, 2026 and December 31, 2025:
September 30, 2026December 31, 2025
Financing lease assets
$250 $299 
Weighted-average remaining lease term (in years)3.44.2
Weighted-average discount rate5.0 %5.0 %
The following table presents information related to the Company's operating and finance leases for the three and nine months ended September 30, 2026 and 2025:
Three Months EndedNine Months Ended
September 30, 2026September 30, 2025September 30, 2026September 30, 2025
Cash paid for operating lease liabilities$424 $395 $1,267 $1,183 
Cash paid for finance lease liabilities20 20 60 59 
Operating lease expense405 332 1,959 1,462 
The following table presents expected future maturities of the Company's operating lease liabilities as of September 30, 2026:
2026$426 
20271,730 
20281,296 
20291,213 
20301,167 
Thereafter14,025 
19,857 
Less: imputed interest6,439 
Total operating lease liabilities$13,418