Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.25.3
Leases (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Lease, Cost
The following table summarizes supplemental cash flow and other information related to our operating leases:
(Dollars in thousands) Nine Months Ended September 30,
2025 2024
Gain on sale-leaseback transaction, net $ $ (11,772)
Operating cash flows
Cash paid for amounts included in the measurement of lease liabilities for leases 1,201  965 
ROU assets obtained in exchange for lease liabilities - operating leases (1) 16,140 
Weighted-average remaining lease terms (in years) - operating leases 13 14
Weighted-average discount rate - operating leases 7.67 % 7.67 %
Variable lease payments $ 209  $ 209 
Operating lease costs 1,442  1,078 
Total lease costs (2) $ 1,651  $ 1,287 
(1) Right of Use Asset included in Premises and equipment on the consolidated balance sheet
(2) Included in occupancy and equipment costs on the condensed consolidated statements of income
Schedule of Lessee, Operating Lease, Liability, to be Paid, Maturity
The following table represents the maturity of the Company's operating lease liabilities as of September 30, 2025:
(Dollars in thousands)
Maturity Analysis
Remainder 2025 $ 399 
2026 1,622 
2027 1,657 
2028 1,692 
2029 1,679 
2030 1,688 
Thereafter 15,110 
Total 23,847 
Less: Present value discount (9,193)
Lease liability $ 14,654