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LEASES (Tables)
12 Months Ended
Dec. 31, 2025
LEASES  
Schedule of components of lease costs

The Company leases its corporate office, banking centers and loan production offices. The following tables present the Company’s lease cost and other information related to its operating leases (dollars in thousands):

At December 31, 

2025

2024

Supplemental balance sheet information:

Lease assets (classified in Other assets on the Consolidated Statement of Financial Condition)

$

44,994

$

47,619

Lease liabilities (classified in Other liabilities on the Consolidated Statement of Financial Condition)

$

49,337

$

51,910

Weighted average remaining lease term in years

 

14.4

 

15.2

Weighted average discount rate

 

4.77

%

 

4.73

%

At December 31, 

2025

2024

2023

Components of lease cost:

Operating lease cost (classified in Bank premises & equipment on the Consolidated Statement of Operations)

$

5,334

$

5,119

$

5,290

Supplemental cash flow information:

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash outflows from operating leases

$

5,283

$

5,012

$

5,191

Non-cash activity related to lease assets:

Lease assets obtained from new operating lease liabilities

$

388

$

9,197

$

2,036

Schedule of remaining maturity of lease liabilities as well as the reconciliation of undiscounted lease payments to the discounted operating lease liabilities

The following table presents the remaining maturity of lease liabilities as well as the reconciliation of undiscounted lease payments to the discounted operating lease liabilities (in thousands):

At December 31, 

2025

2024

Lease liabilities maturing in:

2026

$

5,379

$

5,257

2027

 

5,003

 

5,274

2028

 

4,590

 

4,899

2029

 

4,577

 

4,486

2030

4,768

4,499

Thereafter

45,572

50,340

Total

$

69,889

$

74,755

Less: Present value discount

(20,552)

(22,845)

Total lease liabilities

$

49,337

$

51,910