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Leases Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Summary of lease cost
The following ROU assets and lease liabilities have been reported within other assets and other liabilities on the consolidated statements of condition as of the dates indicated:
December 31,
2024
2023
(In thousands)Consolidated Statements of Condition
Line Item
Operating LeasesFinance LeasesTotalOperating LeasesFinance LeasesTotal
ROU assetsOther Assets$10,349 $6,347 $16,696 $11,497 $4,252 $15,749 
Lease liabilitiesOther Liabilities$8,929 $6,573 $15,502 $9,978 $4,449 $14,427 

    In accordance with ASC 842, the components of lease expense for the periods indicated were as follows:
For the Year Ended
December 31,
(In thousands)
2024
2023
2022
Operating lease cost(1)
$1,579 $1,531 $1,488 
Finance lease cost:
Amortization of ROU assets241 233 233 
Interest on lease liabilities(2)
223 147 150 
Total finance lease cost464 380 383 
Total lease cost(3)
$2,043 $1,911 $1,871 
(1)    Includes immaterial short-term and variable lease costs, but excludes common area maintenance costs.
(2)    Includes immaterial variable lease costs.
(3)    Reported within net occupancy costs on the consolidated statements of income.
Supplemental Cash Flow And Balance Sheet Information
Supplemental cash flow information and non-cash activity related to leases was as follows for the periods indicated:
For the Year Ended
December 31,
(In thousands)
2024
2023
2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,393 $1,387 $1,391 
Operating cash flows from finance leases148 144 149 
Financing cash flows from finance leases287 168 160 
ROU assets obtained in exchange for new lease obligations:
Operating leases$— $165 $764 
Finance leases2,335 — — 

Supplemental information related to leases was as follows as of the dates indicated:
December 31,
2024
2023
Weighted average remaining lease term:
Operating leases
13.0 years
13.2 years
Finance leases
18.0 years
25.3 years
Weighted average discount rate:
Operating leases3.40 %3.41 %
Finance leases3.91 %3.45 %
Schedule of operating lease liability maturity
The following summarizes the remaining scheduled future minimum lease payments for operating and finance leases as of December 31, 2024:
(In thousands)Operating LeasesFinance Leases
2025
$1,180 $477 
20261,104 396 
20271,012 371 
2028771 374 
2029747 377 
Thereafter6,236 7,341 
Total minimum lease payments11,050 9,336 
Less: amount representing interest(1)
2,121 2,763 
Present value of net minimum lease payments(2)
$8,929 $6,573 
(1)     Amount necessary to reduce net minimum lease payments to present value calculated at the Company's incremental borrowing rate.
(2)     Reflects the liability reported within other liabilities on the consolidated statements of condition.
Schedule of finance lease liability maturity
The following summarizes the remaining scheduled future minimum lease payments for operating and finance leases as of December 31, 2024:
(In thousands)Operating LeasesFinance Leases
2025
$1,180 $477 
20261,104 396 
20271,012 371 
2028771 374 
2029747 377 
Thereafter6,236 7,341 
Total minimum lease payments11,050 9,336 
Less: amount representing interest(1)
2,121 2,763 
Present value of net minimum lease payments(2)
$8,929 $6,573 
(1)     Amount necessary to reduce net minimum lease payments to present value calculated at the Company's incremental borrowing rate.
(2)     Reflects the liability reported within other liabilities on the consolidated statements of condition.