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Leases
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases Leases
At the inception of a contract, an entity should determine whether the contract contains a lease. Topic 842 defines a lease as a contract, or part of a contract, that conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. Control over the use of an identified asset means that the customer has both (1) the right to obtain substantially all of the economic benefits from the use of the asset and (2) the right to direct the use of the asset.

The Bank has finance leases for branch offices as well as operating leases for branch offices, ATM locations and certain office equipment. The right-of-use asset is included in the ‘Premises, Furniture and Equipment, Net’ line of the Consolidated Balance Sheet. The lease liability is included in the ‘Accrued Interest Payable and Other Liabilities’ line of the Consolidated Balance Sheet.

The Company used the implicit lease rate when determining the present value of lease payments for finance leases. The present value of lease payments for operating leases was determined using the incremental borrowing rate as of the date the Company adopted this standard.

The components of lease expense were as follows:
Three Months EndedThree Months Ended
March 31, 2025March 31, 2024
Finance Lease Cost:
Amortization of Right-of -Use Assets$52 $52 
Interest on Lease Liabilities66 72 
Operating Lease Cost314 338 
Short-term Lease Cost— — 
Total Lease Cost$432 $462 
The weighted average lease term and discount rates were as follows:
March 31, 2025March 31, 2024
Weighted Average Remaining Lease Term:
Finance Leases7 years8 years
Operating Leases6 years6 years
Weighted Average Discount Rate:
Finance Leases11.33 %11.36 %
Operating Leases3.10 %3.07 %
Supplemental balance sheet information related to leases was as follows:
March 31, 2025March 31, 2024
Finance Leases
Premises, Furniture and Equipment, Net$1,386 $1,596 
Other Borrowings2,339 2,585 
Operating Leases
Operating Lease Right-of-Use Assets$4,035 $4,882 
Operating Lease Liabilities4,200 5,043 

Supplemental cash flow information related to leases was as follows:
Three Months EndedThree Months Ended
March 31, 2025March 31, 2024
Cash paid for amounts in the Measurement of Lease Liabilities:
Operating Cash Flows from Finance Leases$66 $72 
Operating Cash Flows from Operating Leases318 334 
Financing Cash Flows from Finance Leases69 63 

The following table presents a maturity analysis of Finance and Operating Lease Liabilities:
March 31, 2025
Finance LeasesOperating Leases
Year 1$519 $1,066 
Year 2519 851 
Year 3465 692 
Year 4438 640 
Year 5438 422 
Thereafter962 948 
Total Lease Payments3,341 4,619 
Less Imputed Interest(1,002)(419)
Total$2,339 $4,200 
Leases Leases
At the inception of a contract, an entity should determine whether the contract contains a lease. Topic 842 defines a lease as a contract, or part of a contract, that conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. Control over the use of an identified asset means that the customer has both (1) the right to obtain substantially all of the economic benefits from the use of the asset and (2) the right to direct the use of the asset.

The Bank has finance leases for branch offices as well as operating leases for branch offices, ATM locations and certain office equipment. The right-of-use asset is included in the ‘Premises, Furniture and Equipment, Net’ line of the Consolidated Balance Sheet. The lease liability is included in the ‘Accrued Interest Payable and Other Liabilities’ line of the Consolidated Balance Sheet.

The Company used the implicit lease rate when determining the present value of lease payments for finance leases. The present value of lease payments for operating leases was determined using the incremental borrowing rate as of the date the Company adopted this standard.

The components of lease expense were as follows:
Three Months EndedThree Months Ended
March 31, 2025March 31, 2024
Finance Lease Cost:
Amortization of Right-of -Use Assets$52 $52 
Interest on Lease Liabilities66 72 
Operating Lease Cost314 338 
Short-term Lease Cost— — 
Total Lease Cost$432 $462 
The weighted average lease term and discount rates were as follows:
March 31, 2025March 31, 2024
Weighted Average Remaining Lease Term:
Finance Leases7 years8 years
Operating Leases6 years6 years
Weighted Average Discount Rate:
Finance Leases11.33 %11.36 %
Operating Leases3.10 %3.07 %
Supplemental balance sheet information related to leases was as follows:
March 31, 2025March 31, 2024
Finance Leases
Premises, Furniture and Equipment, Net$1,386 $1,596 
Other Borrowings2,339 2,585 
Operating Leases
Operating Lease Right-of-Use Assets$4,035 $4,882 
Operating Lease Liabilities4,200 5,043 

Supplemental cash flow information related to leases was as follows:
Three Months EndedThree Months Ended
March 31, 2025March 31, 2024
Cash paid for amounts in the Measurement of Lease Liabilities:
Operating Cash Flows from Finance Leases$66 $72 
Operating Cash Flows from Operating Leases318 334 
Financing Cash Flows from Finance Leases69 63 

The following table presents a maturity analysis of Finance and Operating Lease Liabilities:
March 31, 2025
Finance LeasesOperating Leases
Year 1$519 $1,066 
Year 2519 851 
Year 3465 692 
Year 4438 640 
Year 5438 422 
Thereafter962 948 
Total Lease Payments3,341 4,619 
Less Imputed Interest(1,002)(419)
Total$2,339 $4,200