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Note 24 - Leases | 3 Months Ended
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Mar. 31, 2026
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] |
(24) | Leases
Bancorp has operating leases (land and building) for various locations with terms ranging from approximately three months to 20 years, several of which include options to extend the leases in five-year increments. At lease commencement, lease liabilities are recognized based on the present value of the remaining lease payments and discounted using the Company’s incremental borrowing rate, which is a blended rate comprised of the FHLB term rate and the Company’s subordinated debt rate. Right-of-use assets initially equal the lease liability, adjusted for any lease payments made prior to lease commencement and for any lease incentives. Options reasonably expected to be exercised are included in determination of the right-of-use asset. Bancorp elected to use a practical expedient to expense short-term lease obligations associated with leases with original terms of 12 months or less. Bancorp elected not to separate non-lease components from lease components for its operating leases. The right-of-use lease asset and operating lease liability are recorded in premises and equipment and other liabilities on the consolidated balance sheet Balance sheet, income statement and cash flow detail regarding operating leases follows:
(dollars in thousands) |  | March 31, 2026 |  |  | December 31, 2025 |
Balance Sheet |  |  |  |  |  |  |  |
Operating lease right-of-use asset |  | $ | 30,436 |  |  | $ | 31,241 |
Operating lease liability |  |  | 32,228 |  |  |  | 32,971 |
Weighted average remaining lease term (years) |  |  | 10.0 |  |  |  | 10.2 |
Weighted average discount rate |  |  | 3.66 | % |  |  | 3.65 | %
Maturities of lease liabilities: |  |  |  |  |  |  |  |
One year or less |  | $ | 3,104 |  |  | $ | 4,131 |
Year two |  |  | 4,149 |  |  |  | 4,149 |
Year three |  |  | 4,198 |  |  |  | 4,198 |
Year four |  |  | 4,130 |  |  |  | 4,129 |
Year five |  |  | 3,974 |  |  |  | 3,974 |
Greater than five years |  |  | 19,347 |  |  |  | 19,347 |
Total lease payments |  | $ | 38,902 |  |  | $ | 39,928 |
Less imputed interest |  |  | (6,674 | ) |  |  | (6,957 | )
Total |  | $ | 32,228 |  |  | $ | 32,971 |
|  | Three months ended |  |  | Three months ended |
(in thousands) |  | March 31, 2026 |  |  | March 31, 2025 |
Income Statement |  |  |  |  |  |  |  |
Components of lease expense: |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 1,089 |  |  | $ | 1,048 |
Variable lease cost |  |  | 105 |  |  |  | 93 |
Less sublease income |  |  | 5 |  |  |  | 26 |
Total lease cost |  | $ | 1,189 |  |  | $ | 1,115 |
|  | Three months ended |  |  | Three months ended |
(in thousands) |  | March 31, 2026 |  |  | March 31, 2025 |
Cash flow Statement |  |  |  |  |  |  |  |
Supplemental cash flow information: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 1,138 |  |  | $ | 1,138 |
As of March 31, 2026, Bancorp had entered into one lease agreement that had yet to commence.

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- 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
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