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Leases (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Right-of-Use Assets and Lease Liabilities
The following table represents the classification of the Company’s Right of Use (“ROU”) assets and lease liabilities on the Consolidated Statements of Financial Condition (in thousands):
September 30,December 31,
20252024
Lease ROU AssetsClassification
Operating lease ROU assetsOther assets$16,795 $15,452 
Finance lease ROU assetPremises and equipment, net896 1,071 
Total lease ROU assets$17,691 $16,523 
Lease Liabilities
Operating lease liabilities (1)
Other liabilities$18,278 $17,114 
Finance lease liabilityOther borrowings1,214 1,421 
Total lease liabilities$19,492 $18,535 
(1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $1.0 million and $4.4 million at September 30, 2025 and December 31, 2024, respectively.
Schedule of Weighted-Average Remaining Lease Term and Discount Rate
September 30,December 31,
20252024
Weighted-Average Remaining Lease Term
Operating leases5.65 years5.84 years
Finance lease3.85 years4.59 years
Weighted-Average Discount Rate
Operating leases3.45 %3.08 %
Finance lease5.63 5.63 
Schedule of Lease Expenses and Other Lease Information
The following table represents lease expenses and other lease information (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Lease Expense
Operating lease expense$1,309 $1,136 $3,739 $3,441 
Finance lease expense:
Amortization of ROU assets59 59 175 175 
Interest on lease liabilities (1)
17 21 55 66 
Total$1,385 $1,216 $3,969 $3,682 
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,322 $1,214 $3,927 $3,336 
Operating cash flows from finance leases17 21 55 66 
Financing cash flows from finance leases70 66 207 196 
(1)Included in borrowed funds interest expense on the Consolidated Statements of Income. All other costs are included in occupancy expense on the Consolidated Statements of Income.
Schedule of Future Minimum Payments for Finance Leases
Future minimum payments for the finance lease and operating leases with initial or remaining terms were as follows (in thousands):
Finance LeaseOperating Leases
For the Year Ending December 31,
2025$88 $1,297 
2026350 5,100 
2027350 3,808 
2028350 2,621 
2029209 2,337 
Thereafter— 5,137 
Total1,347 20,300 
Less: Imputed interest(133)(2,022)
Total lease liabilities$1,214 $18,278 
Schedule of Future Minimum Payments for Operating Leases
Future minimum payments for the finance lease and operating leases with initial or remaining terms were as follows (in thousands):
Finance LeaseOperating Leases
For the Year Ending December 31,
2025$88 $1,297 
2026350 5,100 
2027350 3,808 
2028350 2,621 
2029209 2,337 
Thereafter— 5,137 
Total1,347 20,300 
Less: Imputed interest(133)(2,022)
Total lease liabilities$1,214 $18,278