XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.25.3

Leases | 9 Months Ended
--- | ---
Sep. 30, 2025
Leases |
Leases | 7. Leases The Company has 32 operating leases for branches (including headquarters) and office spaces, two operating leases for vehicles, and one operating lease for equipment. Our leases have remaining lease terms ranging from four months to approximately 11 years, none of which has a renewal option reasonably certain of exercise, which has been reflected in the Company’s calculation of the lease term. During the nine months ended September 30, 2025, the Company entered into an agreement to extend the term of its corporate headquarters operating lease by 3 years. During the nine months ended September 30, 2024, the Company entered into agreements to extend the term of five of its operating leases by 10 years each. The Company has elected the short-term lease recognition exemption such that the Company will not recognize Right of Use (“ROU”) assets or lease liabilities for leases with a term of less than 12 months from the commencement date. The Company has two agreements in 2025 and 2024 that qualified as short-term leases, respectively. ​ Certain leases have escalation clauses for operating expenses and real estate taxes, which are recorded as variable lease cost. The Company’s non-cancelable operating lease agreements expire through 2036. ​ Supplemental balance sheet information related to leases are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) | ​ | September 30, 2025 | ​ | December 31, 2024
​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease ROU assets | ​ | $ | 47,761 | ​ | $ | 45,800
​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease liabilities | ​ | $ | 48,253 | ​ | $ | 46,443
​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average remaining lease term-operating leases | ​ | ​ | 6.8 years | ​ | ​ | 7.3 years
Weighted average discount rate-operating leases | ​ | ​ | 4.2% | ​ | ​ | 4.0%
​ The components of lease expense and cash flow information related to leases were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | For the three months ended September 30,
(In thousands) | ​ | Line Item Presented | ​ | 2025 | ​ | 2024
Lease Cost | ​ | ​ | ​ |  |  | ​ |  |
Operating lease cost | ​ | Occupancy and equipment | ​ | $ | 2,508 | ​ | $ | 2,235
Operating lease cost | ​ | Other operating expenses | ​ | ​ | 5 | ​ | ​ | 16
Short-term lease cost | ​ | Professional services and other operating expenses | ​ |  | 52 | ​ |  | 40
Variable lease cost | ​ | Occupancy and equipment | ​ |  | 321 | ​ |  | 325
Total lease cost | ​ | ​ | ​ | $ | 2,886 | ​ | $ | 2,616
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other information | ​ | ​ | ​ |  | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of lease liabilities: | ​ |  | ​ | ​ | ​ | ​
Operating cash flows from operating leases | ​ | ​ | ​ | $ | 2,221 | ​ | $ | 2,461
Right-of-use assets obtained in exchange for new operating lease liabilities | ​ | $ | 60 | ​ | $ | —
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | For the nine months ended September 30,
(In thousands) | ​ | Line Item Presented | ​ | 2025 | ​ | 2024
Lease Cost | ​ | ​ | ​ |  |  | ​ |  |
Operating lease cost | ​ | Occupancy and equipment | ​ | $ | 7,149 | ​ | $ | 6,693
Operating lease cost | ​ | Other operating expenses | ​ | ​ | 11 | ​ | ​ | 53
Short-term lease cost | ​ | Professional services and other operating expenses | ​ |  | 152 | ​ |  | 121
Variable lease cost | ​ | Occupancy and equipment | ​ |  | 948 | ​ |  | 918
Total lease cost | ​ | ​ | ​ | $ | 8,260 | ​ | $ | 7,785
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other information | ​ | ​ | ​ |  | ​ | ​ |  |
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​ | ​ |  |
Operating cash flows from operating leases | ​ | ​ | ​ | $ | 7,316 | ​ | $ | 7,370
Supplemental disclosure of non-cash activities: | ​ | ​ | ​ | ​ | ​ | ​
Right-of-use assets obtained in exchange for new operating lease liabilities | ​ | $ | 7,893 | ​ | $ | 10,894
​ The Company’s minimum annual rental payments for Bank facilities due under non-cancelable leases are as follows as of September 30, 2025: ​ ​
​ | ​ | ​ | ​
​ | ​ | Minimum Rental
​ | ​ | (In thousands)
Years ended December 31: | ​ | ​ | ​
2025 | ​ | $ | 1,414
2026 | ​ | ​ | 9,828
2027 | ​ | ​ | 9,061
2028 | ​ | ​ | 8,910
2029 | ​ | ​ | 7,688
Thereafter | ​ | ​ | 19,488
Total minimum payments required | ​ | ​ | 56,389
Less: implied interest | ​ | ​ | (8,136)
Total lease obligations | ​ | $ | 48,253
​

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration