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Leases (Tables)

9 Months Ended

Sep. 30, 2025

Leases [Abstract]

Components of lease costs and supplemental information related to leases

The tables below present the components of lease costs and supplemental information related to leases as of and for the periods presented.


		September 30, 2025				December 31, 2024
		(Dollars in thousands)
Lease Assets and Liabilities
ROU assets		$	44,166			$	47,117
Total lease liabilities			46,912				49,617


		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
		(Dollars in thousands)
Lease Cost
Operating lease expense (1)		$	2,566			$	1,965			$	7,690			$	5,650
Sublease income			—				—				—				—
Total lease expense		$	2,566			$	1,965			$	7,690			$	5,650

(1)

Includes short-term leases and variable lease costs, which are immaterial.


Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases, net		$	2,429			$	1,948			$	7,228			$	5,726


		September 30, 2025				December 31, 2024
Lease Term and Discount Rate
Weighted average remaining lease term (years)			9.76				9.99
Weighted average discount rate			6.09	%			5.95	%

Future lease payments required for leases that have initial or remaining non-cancelable lease terms

The future lease payments required for leases that have initial or remaining non-cancelable lease terms in excess of one year as of September 30, 2025, excluding property taxes and insurance, are as follows:


		September 30, 2025
		(Dollars in thousands)
Year:
2025 (excluding the nine months ended September 30, 2025)		$	2,525
2026			9,624
2027			8,335
2028			6,550
2029			4,776
2030			4,029
Thereafter			29,562
Total future lease payments			65,401
Less: Imputed interest			(18,489	)
Present value of lease liabilities		$	46,912