XML 33 R16.htm IDEA: XBRL DOCUMENT v3.25.4
Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases LEASES
Lessee Arrangements
The Company has banking and limited-service facilities, data centers, and certain equipment under lease agreements. Most of the leases expire between 2026 and 2030 and include one or more renewal options for up to 5 years. Six leases expire between 2031 and 2034. All leases are classified as operating leases.
Year ended December 31,
($ in thousands)20252024
Operating lease cost$6,386 $5,757 
Short-term lease cost519 402 
Total lease cost$6,905 $6,159 
Payments on operating leases included in the measurement of lease liabilities during the twelve months ended December 31, 2025 and 2024 totaled $6.7 million and $5.6 million, respectively. Right-of-use assets obtained in exchange for lease obligations totaled $6.5 million and $2.0 million during the twelve months ended December 31, 2025 and 2024, respectively. The additions in 2025 and 2024 were primarily from the Branch Acquisition during 2025 and lease renewals.

The following table presents supplemental balance sheet information related to leases for the periods indicated:
($ in thousands)December 31, 2025December 31, 2024
Operating lease right-of-use assets, included in other assets$24,031 $22,759 
Operating lease liabilities, included in other liabilities27,140 26,150 
Operating leases
Weighted average remaining lease term5 years6 years
Weighted average discount rate4.1 %4.0 %
The following table summarizes the maturities of operating lease liabilities as of December 31, 2025:
($ in thousands)
YearAmount
2026$7,650 
20276,630 
20284,668 
20293,282 
20302,655 
Thereafter5,444 
Total operating lease liabilities, payments30,329 
Less: present value adjustment3,189 
Operating lease liabilities$27,140 

Lessor Arrangements
The Company leases office space to third parties through operating leases. These agreements have remaining lease terms ranging from 30 months to 84 months. Lessor income was $1.6 million and $1.9 million for the twelve months ended December 31, 2025 and 2024, respectively.