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LEASES | 9 Months Ended
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Sep. 30, 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 two 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 September 30, 2025 and December 31, 2024.
| September 30, 2025 |  | December 31, 2024
Operating lease ROU assets | $ | 14,120 |  |  | $ | 13,438 |
Operating lease ROU liabilities | 14,962 |  |  | 14,270 |
Weighted-average remaining lease term (in years) | 15.3 |  | 15.6
Weighted-average discount rate | 4.9 | % |  | 4.8 | %
The following table summarizes the Company's finance lease at September 30, 2025 and December 31, 2024.
| September 30, 2025 |  | December 31, 2024
Financing lease assets | $ | 315 |  |  | $ | 362 |
Weighted-average remaining lease term (in years) | 4.4 |  | 5.2
Weighted-average discount rate | 5.0 | % |  | 5.0 | %
The following table presents information related to the Company's operating leases for the three and nine months ended September 30, 2025 and 2024:
| Three Months Ended |  | Nine Months Ended
| September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024
Cash paid for operating lease liabilities | $ | 395 |  |  | $ | 471 |  |  | $ | 1,183 |  |  | $ | 1,142 |
Cash paid for finance lease liabilities | 20 |  |  | 19 |  |  | 59 |  |  | 19 |
Operating lease expense | 332 |  |  | 135 |  |  | 1,462 |  |  | 846 |
The following table presents expected future maturities of the Company's operating lease liabilities as of September 30, 2025:
2025 | $ | 412 |
2026 | 1,701 |
2027 | 1,737 |
2028 | 1,472 |
2029 | 1,393 |
Thereafter | 15,446 |
| 22,161 |
Less: imputed interest | 7,199 |
Total operating lease liabilities | $ | 14,962 |
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 two 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 September 30, 2025 and December 31, 2024.
| September 30, 2025 |  | December 31, 2024
Operating lease ROU assets | $ | 14,120 |  |  | $ | 13,438 |
Operating lease ROU liabilities | 14,962 |  |  | 14,270 |
Weighted-average remaining lease term (in years) | 15.3 |  | 15.6
Weighted-average discount rate | 4.9 | % |  | 4.8 | %
The following table summarizes the Company's finance lease at September 30, 2025 and December 31, 2024.
| September 30, 2025 |  | December 31, 2024
Financing lease assets | $ | 315 |  |  | $ | 362 |
Weighted-average remaining lease term (in years) | 4.4 |  | 5.2
Weighted-average discount rate | 5.0 | % |  | 5.0 | %
The following table presents information related to the Company's operating leases for the three and nine months ended September 30, 2025 and 2024:
| Three Months Ended |  | Nine Months Ended
| September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024
Cash paid for operating lease liabilities | $ | 395 |  |  | $ | 471 |  |  | $ | 1,183 |  |  | $ | 1,142 |
Cash paid for finance lease liabilities | 20 |  |  | 19 |  |  | 59 |  |  | 19 |
Operating lease expense | 332 |  |  | 135 |  |  | 1,462 |  |  | 846 |
The following table presents expected future maturities of the Company's operating lease liabilities as of September 30, 2025:
2025 | $ | 412 |
2026 | 1,701 |
2027 | 1,737 |
2028 | 1,472 |
2029 | 1,393 |
Thereafter | 15,446 |
| 22,161 |
Less: imputed interest | 7,199 |
Total operating lease liabilities | $ | 14,962 |

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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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