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PREMISES AND EQUIPMENT AND LEASES | 12 Months Ended
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Dec. 31, 2025
Property, Plant and Equipment [Abstract] |
PREMISES AND EQUIPMENT AND LEASES | PREMISES AND EQUIPMENT AND LEASES Premises and equipment were summarized as follows for the dates indicated below:
| December 31,
| 2025 |  | 2024
| (In thousands)
Land | $ | 21,229 |  |  | $ | 21,081 |
Buildings | 72,965 |  |  | 72,168 |
Lease right-of-use assets | 15,327 |  |  | 17,278 |
Leasehold improvements | 10,568 |  |  | 10,608 |
Furniture, fixtures and equipment | 27,800 |  |  | 25,853 |
Construction in progress | 293 |  |  | 161 |
Total | 148,182 |  |  | 147,149 |
Less: accumulated depreciation | 42,064 |  |  | 35,293 |
Premises and equipment, net | $ | 106,118 |  |  | $ | 111,856 |
Depreciation expense was $8.1 million, $7.8 million and $7.6 million for the years ended December 31, 2025, 2024 and 2023, respectively. Leases At December 31, 2025, the Company had 30 operating leases consisting of branch locations, office facilities and equipment. The lease right-of-use asset is classified within premises and equipment and the lease liability is included in other liabilities on the balance sheet. The Company also owns certain office facilities which it leases to outside parties under operating lessor leases; however, such leases are not significant. There were no sale and leaseback transactions, leveraged leases or lease transactions with related parties during the years ended December 31, 2025 and 2024. Supplemental lease information at the dates indicated was as follows:
| December 31,
| 2025 |  | 2024
| (Dollars in thousands)
Balance Sheet: |  |  |
Operating lease right-of-use asset classified as premises and equipment | $ | 15,327 |  | $ | 17,279
Operating lease liability classified as other liabilities | $ | 16,308 |  | $ | 18,273
Weighted-average lease term, in years | 6.74 |  | 7.24
Weighted-average discount rate | 4.35 | % |  | 4.28 | %
Lease costs for the dates indicated were as follows:
| For the Years Ended December 31,
| 2025 |  | 2024 |  | 2023
| (In thousands)
Income Statement: |  |  |  |  |
Operating lease cost | $ | 6,981 |  |  | $ | 7,434 |  |  | $ | 7,327 |
Short-term lease cost | 25 |  |  | 21 |  |  | 25 |
Total operating lease costs | $ | 7,006 |  |  | $ | 7,455 |  |  | $ | 7,352 |
The following table summarizes the contractual maturity of the Company’s lease liabilities as of the dates indicated below:
| December 31,
| 2025 |  | 2024
| (In thousands)
Lease payments due: |  |  |
Within one year | $ | 4,095 |  |  | $ | 4,140 |
After one but within two years | 3,917 |  |  | 3,739 |
After two but within three years | 3,756 |  |  | 3,578 |
After three but within four years | 2,000 |  |  | 3,414 |
After four but within five years | 1,030 |  |  | 1,656 |
After five years | 4,410 |  |  | 5,189 |
Total lease payments | 19,208 |  |  | 21,716 |
Discount on cash flows | (2,900) |  |  | (3,443) |
Total lease liability | $ | 16,308 |  |  | $ | 18,273 |

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