Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.26.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Summary of Lease Expense and Other Information Related to Operating Leases
Three Months Ended
March 31,
(Dollars in Thousands)
2026
2025
Operating lease expense
$
915
$
864
Short-term lease expense
147
311
Total lease expense
$
1,062
$
1,175
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$
920
$
912
Right-of-use assets obtained in exchange for new operating lease liabilities
101
2,880
Weighted average
remaining lease term — operating leases (in years)
15.6
16.2
Weighted average
discount rate — operating leases
3.7%
3.7%
Summary of Maturity of Remaining Lease Liabilities
The table below summarizes the maturity of remaining lease liabilities:
(Dollars in Thousands)
March 31, 2026
2026
$
2,714
2027
3,433
2028
3,147
2029
2,881
2030
2,848
2031 and thereafter
18,445
Total
$
33,468
Less: Interest
(7,112)
Present Value
of Lease liability
$
26,356