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PREMISES AND EQUIPMENT AND LEASES
 12 Months Ended
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,
20252024
(In thousands)
Land$21,229 $21,081 
Buildings72,965 72,168 
Lease right-of-use assets15,327 17,278 
Leasehold improvements10,568 10,608 
Furniture, fixtures and equipment27,800 25,853 
Construction in progress293 161 
Total148,182 147,149 
Less: accumulated depreciation42,064 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,
20252024
(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 years6.747.24
Weighted-average discount rate4.35%4.28%
Lease costs for the dates indicated were as follows:
For the Years Ended December 31,
202520242023
(In thousands)
Income Statement:
Operating lease cost$6,981 $7,434 $7,327 
Short-term lease cost25 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,
20252024
(In thousands)
Lease payments due:
Within one year$4,095 $4,140 
After one but within two years3,917 3,739 
After two but within three years3,756 3,578 
After three but within four years2,000 3,414 
After four but within five years1,030 1,656 
After five years4,410 5,189 
Total lease payments19,208 21,716 
Discount on cash flows(2,900)(3,443)
Total lease liability$16,308 $18,273