Lease Commitments

6 Months Ended

Jun. 30, 2025

Our leases relate primarily to office space and bank branches with remaining lease terms of generally 1 to 15 years. Certain lease arrangements contain extension options which typically range from 5 to 10 years at the then fair market rental rates. As these extension options are not generally considered reasonably certain of exercise, they are not included in the lease term.


	June 30, 2025			December 31, 2024
ROU asset on leased property, gross	$	41,826		$	38,779
Accumulated amortization	(17,900)			(16,303)
ROU asset, net (included in prepaid expenses and other assets in our consolidated balance sheets)	$	23,926		$	22,476
Lease liability (included in accrued expenses and other liabilities in our consolidated balance sheets)	$	25,849		$	24,376
Weighted Average Remaining Life - Operating Leases (years)	5.00			5.09
Weighted Average Rate - Operating Leases	2.98		%	2.61		%

The following table reconciles future undiscounted lease payments due under non-cancelable operating leases to the aggregate operating lessee lease liability as of June 30, 2025:


Remainder of 2025	$	7,289
2026	5,529
2027	4,609
2028	4,143
2029	3,012
2030	3,186
Thereafter	114
Total undiscounted operating lease liability	27,882
Imputed interest	2,033
Total operating lease liability included in the accompanying balance sheet	$	25,849

Total lease expense for three months ended June 30, 2025 and 2024 was $2,068 and $1,914, respectively. Total lease expense for the six months ended June 30, 2025 and 2024 was $4,104 and $3,838, respectively. The components of total lease expense were as follows:


	For the three months ended June 30,				For the six months ended June 30,
	2025		2024		2025		2024
Operating leases	$	2,020	$	1,945	$	3,990	$	3,867
Short-term leases	99		47		201		94

Sublease income	(51)		(78)		(87)		(123)
Net lease expense	$	2,068	$	1,914	$	4,104	$	3,838

We do not currently have any significant finance leases in which we are the lessee, material related-party leases, leases containing residual value guarantees or restrictive covenants.