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OPERATING LEASES (Tables)
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Lease, Cost
The following table presents total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate for the periods presented:

Three Months Ended March 31,
(dollars in thousands)20252024
Lease cost:
Operating lease cost$1,307 $1,303 
Variable lease cost619 935 
Total lease cost$1,926 $2,238 
Other information:
Operating cash flows from operating leases$(1,280)$(1,257)
Weighted-average remaining lease term - operating leases 10.13 years11.15 years
Weighted-average discount rate - operating leases4.08 %4.08 %
Lessee, Operating Lease, Liability, Maturity
The following table presents a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities as of March 31, 2025, for the remainder of fiscal year 2025, the next five succeeding fiscal years and all years thereafter:

(dollars in thousands)Undiscounted Cash FlowsLease Liability ExpenseLease Liability Reduction
Year Ending December 31,
2025 (remainder)$3,768 $898 $2,870 
20265,002 1,065 3,937 
20274,199 926 3,273 
20283,443 811 2,632 
20293,062 710 2,352 
20302,994 616 2,378 
Thereafter15,963 2,348 13,615 
Total $38,431 $7,374 $31,057 
Operating Lease, Lease Income The following table presents lease income related to these leases that was recognized for the periods presented:
Three Months Ended March 31,
(dollars in thousands)20252024
Total rental income recognized$468 $509 
Lessor, Operating Lease, Payments to be Received, Maturity
The following table presents estimated lease payments, based on the Company's leases as lessor as of March 31, 2025, for the remainder of fiscal year 2025, the next five succeeding fiscal years, and all years thereafter:

(dollars in thousands)
Year Ending December 31,
2025 (remainder)$1,104 
20261,290 
20271,171 
2028717 
2029641 
2030533 
Thereafter783 
Total $6,239