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Leases | 6 Months Ended
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Jun. 30, 2026
Leases [Abstract] |
Leases | Leases A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. The Company’s leases are comprised of real estate property for branches, automated teller machine locations and office space with terms extending through 2038. The Company has one existing finance lease, which has a lease term through 2029. The following table represents the classification of the Company’s ROU assets and lease liabilities on the Consolidated Statements of Financial Condition (in thousands):
|  |  |  | June 30, |  | December 31,
|  |  |  | 2026 |  | 2025
Lease ROU Assets |  | Classification |  |  |  |
Operating lease ROU assets |  | Other assets |  | $ | 65,330 |  |  | $ | 17,596 |
Finance lease ROU asset |  | Premises and equipment, net |  | 722 |  |  | 838 |
Total lease ROU assets |  |  |  | $ | 66,052 |  |  | $ | 18,434 |
Lease Liabilities |  |  |  |  |  |
Operating lease liabilities (1) |  | Other liabilities |  | $ | 71,067 |  |  | $ | 19,037 |
Finance lease liability |  | Other borrowings |  | 997 |  |  | 1,143 |
Total lease liabilities |  |  |  | $ | 72,064 |  |  | $ | 20,180 |
(1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $754,000 and $897,000 at June 30, 2026 and December 31, 2025, respectively. The following table represents the weighted-average remaining lease term and weighted-average discount rate for the Company’s operating and finance leases:
|  | June 30, |  | December 31,
|  | 2026 |  | 2025
Weighted-Average Remaining Lease Term |  |  |  |
Operating leases |  | 6.68 years |  | 5.82 years
Finance lease |  | 3.10 years |  | 3.59 years
Weighted-Average Discount Rate |  |  |  |
Operating leases |  | 4.29 | % |  | 3.57 | %
Finance lease |  | 5.63 |  |  | 5.63 |
The following table represents lease expenses and other lease information (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Lease Expense |  |  |  |  |  |  |  |
Operating lease expense |  | $ | 2,123 |  |  | $ | 1,227 |  |  | $ | 3,379 |  |  | $ | 2,430 |
Finance lease expense: |  |  |  |  |  |  |  |
Amortization of ROU assets |  | 58 |  |  | 58 |  |  | 116 |  |  | 116 |
Interest on lease liabilities (1) |  | 14 |  |  | 19 |  |  | 30 |  |  | 38 |
Total |  | $ | 2,195 |  |  | $ | 1,304 |  |  | $ | 3,525 |  |  | $ | 2,584 |
Other Information |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 2,094 |  |  | $ | 1,316 |  |  | $ | 3,437 |  |  | $ | 2,605 |
Operating cash flows from finance leases |  | 14 |  |  | 19 |  |  | 30 |  |  | 38 |
Financing cash flows from finance leases |  | 73 |  |  | 69 |  |  | 145 |  |  | 137 |
(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. Future minimum payments for the finance lease and operating leases with initial or remaining terms were as follows (in thousands):
|  | Finance Lease |  | Operating Leases
For the Year Ending December 31, |  |  |  |
2026 |  | $ | 175 |  |  | $ | 7,474 |
2027 |  | 350 |  |  | 14,759 |
2028 |  | 350 |  |  | 13,707 |
2029 |  | 209 |  |  | 12,377 |
2030 |  | — |  |  | 8,366 |
Thereafter |  | — |  |  | 25,632 |
Total |  | 1,084 |  |  | 82,315 |
Less: Imputed interest |  | (87) |  |  | (11,248) |
Total lease liabilities |  | $ | 997 |  |  | $ | 71,067 |
Leases | Leases A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. The Company’s leases are comprised of real estate property for branches, automated teller machine locations and office space with terms extending through 2038. The Company has one existing finance lease, which has a lease term through 2029. The following table represents the classification of the Company’s ROU assets and lease liabilities on the Consolidated Statements of Financial Condition (in thousands):
|  |  |  | June 30, |  | December 31,
|  |  |  | 2026 |  | 2025
Lease ROU Assets |  | Classification |  |  |  |
Operating lease ROU assets |  | Other assets |  | $ | 65,330 |  |  | $ | 17,596 |
Finance lease ROU asset |  | Premises and equipment, net |  | 722 |  |  | 838 |
Total lease ROU assets |  |  |  | $ | 66,052 |  |  | $ | 18,434 |
Lease Liabilities |  |  |  |  |  |
Operating lease liabilities (1) |  | Other liabilities |  | $ | 71,067 |  |  | $ | 19,037 |
Finance lease liability |  | Other borrowings |  | 997 |  |  | 1,143 |
Total lease liabilities |  |  |  | $ | 72,064 |  |  | $ | 20,180 |
(1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $754,000 and $897,000 at June 30, 2026 and December 31, 2025, respectively. The following table represents the weighted-average remaining lease term and weighted-average discount rate for the Company’s operating and finance leases:
|  | June 30, |  | December 31,
|  | 2026 |  | 2025
Weighted-Average Remaining Lease Term |  |  |  |
Operating leases |  | 6.68 years |  | 5.82 years
Finance lease |  | 3.10 years |  | 3.59 years
Weighted-Average Discount Rate |  |  |  |
Operating leases |  | 4.29 | % |  | 3.57 | %
Finance lease |  | 5.63 |  |  | 5.63 |
The following table represents lease expenses and other lease information (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Lease Expense |  |  |  |  |  |  |  |
Operating lease expense |  | $ | 2,123 |  |  | $ | 1,227 |  |  | $ | 3,379 |  |  | $ | 2,430 |
Finance lease expense: |  |  |  |  |  |  |  |
Amortization of ROU assets |  | 58 |  |  | 58 |  |  | 116 |  |  | 116 |
Interest on lease liabilities (1) |  | 14 |  |  | 19 |  |  | 30 |  |  | 38 |
Total |  | $ | 2,195 |  |  | $ | 1,304 |  |  | $ | 3,525 |  |  | $ | 2,584 |
Other Information |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 2,094 |  |  | $ | 1,316 |  |  | $ | 3,437 |  |  | $ | 2,605 |
Operating cash flows from finance leases |  | 14 |  |  | 19 |  |  | 30 |  |  | 38 |
Financing cash flows from finance leases |  | 73 |  |  | 69 |  |  | 145 |  |  | 137 |
(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. Future minimum payments for the finance lease and operating leases with initial or remaining terms were as follows (in thousands):
|  | Finance Lease |  | Operating Leases
For the Year Ending December 31, |  |  |  |
2026 |  | $ | 175 |  |  | $ | 7,474 |
2027 |  | 350 |  |  | 14,759 |
2028 |  | 350 |  |  | 13,707 |
2029 |  | 209 |  |  | 12,377 |
2030 |  | — |  |  | 8,366 |
Thereafter |  | — |  |  | 25,632 |
Total |  | 1,084 |  |  | 82,315 |
Less: Imputed interest |  | (87) |  |  | (11,248) |
Total lease liabilities |  | $ | 997 |  |  | $ | 71,067 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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