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LEASES
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
LEASES LEASES
A lease provides the lessee the right to control the use of an identified asset for a period of time in exchange for consideration. The Company has primarily entered into operating leases for branches and office space. Most of the Company's leases contain renewal options, which the Company is reasonably certain to exercise. Including renewal options, the Company's leases range from 3 to 28 years. Operating and finance lease right-of-use assets are included in other assets, operating lease liabilities are included in other liabilities and the finance lease liability is included in other borrowings on the Company's unaudited condensed consolidated balance sheets.
The Company uses its incremental borrowing rate to determine the present value of the lease payments, as the rate implicit in the Company's leases is not readily determinable. Lease agreements that contain non-lease components are generally accounted for as a single lease component, while variable costs, such as common area maintenance expenses and property taxes, are expensed as incurred.
The following table summarizes the Company's operating leases at March 31, 2025 and December 31, 2024.
March 31, 2025December 31, 2024
Operating lease ROU assets$13,439 $13,438 
Operating lease ROU liabilities14,234 14,270 
Weighted-average remaining lease term (in years)15.415.6
Weighted-average discount rate4.9 %4.8 %
The following table summarizes the Company's finance lease at March 31, 2025 and December 31, 2024.
March 31, 2025December 31, 2024
Financing lease assets
$346 $362 
Weighted-average remaining lease term (in years)4.95.2
Weighted-average discount rate5.0 %5.0 %
The following table presents information related to the Company's operating leases for the three months ended March 31, 2025 and 2024:
Three Months Ended
March 31, 2025March 31, 2024
Cash paid for operating lease liabilities$393 $335 
Cash paid for finance lease liabilities19 n/a
Operating lease expense856 356 
The following table presents expected future maturities of the Company's operating lease liabilities as of March 31, 2025:
2025$1,188 
20261,610 
20271,644 
20281,377 
20291,295 
Thereafter13,955 
21,069 
Less: imputed interest6,835 
Total operating lease liabilities$14,234 
LEASES LEASES
A lease provides the lessee the right to control the use of an identified asset for a period of time in exchange for consideration. The Company has primarily entered into operating leases for branches and office space. Most of the Company's leases contain renewal options, which the Company is reasonably certain to exercise. Including renewal options, the Company's leases range from 3 to 28 years. Operating and finance lease right-of-use assets are included in other assets, operating lease liabilities are included in other liabilities and the finance lease liability is included in other borrowings on the Company's unaudited condensed consolidated balance sheets.
The Company uses its incremental borrowing rate to determine the present value of the lease payments, as the rate implicit in the Company's leases is not readily determinable. Lease agreements that contain non-lease components are generally accounted for as a single lease component, while variable costs, such as common area maintenance expenses and property taxes, are expensed as incurred.
The following table summarizes the Company's operating leases at March 31, 2025 and December 31, 2024.
March 31, 2025December 31, 2024
Operating lease ROU assets$13,439 $13,438 
Operating lease ROU liabilities14,234 14,270 
Weighted-average remaining lease term (in years)15.415.6
Weighted-average discount rate4.9 %4.8 %
The following table summarizes the Company's finance lease at March 31, 2025 and December 31, 2024.
March 31, 2025December 31, 2024
Financing lease assets
$346 $362 
Weighted-average remaining lease term (in years)4.95.2
Weighted-average discount rate5.0 %5.0 %
The following table presents information related to the Company's operating leases for the three months ended March 31, 2025 and 2024:
Three Months Ended
March 31, 2025March 31, 2024
Cash paid for operating lease liabilities$393 $335 
Cash paid for finance lease liabilities19 n/a
Operating lease expense856 356 
The following table presents expected future maturities of the Company's operating lease liabilities as of March 31, 2025:
2025$1,188 
20261,610 
20271,644 
20281,377 
20291,295 
Thereafter13,955 
21,069 
Less: imputed interest6,835 
Total operating lease liabilities$14,234