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Leases | 3 Months Ended
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Mar. 31, 2026
Leases [Abstract] |
Leases | Leases Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. The Company’s long-term lease agreements for branches and offices are classified as operating leases. Certain of these leases offer the option to extend the lease term and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably certain of being exercised. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations. The following tables present information about the Company’s leases as of and for the periods presented.
($ in thousands) |  | March 31, 2026 |  | December 31, 2025
Right-of-use assets |  | $ | 10,102 |  |  | $ | 10,523 |
Lease liabilities |  | $ | 10,608 |  |  | $ | 11,027 |
Weighted-average remaining lease term |  | 8.80 years |  | 8.91 years
Weighted-average discount rate |  | 3.40 | % |  | 3.42 | %
Remaining lease term – min |  | 0.12 years |  | 0.36 years
Remaining lease term – max |  | 15.43 years |  | 15.68 years
|  |  |  | Three Months Ended March 31,
($ in thousands) |  |  |  |  |  | 2026 |  | 2025 |  |
Operating lease cost |  |  |  |  |  | $ | 512 |  |  | $ | 492 |  |  |
Total lease cost |  |  |  |  |  | $ | 512 |  |  | $ | 492 |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  | $ | 509 |  |  | $ | 467 |  |  |
The following table presents a maturity analysis of operating lease liabilities and a reconciliation of the undiscounted cash flows to total operating lease liabilities at March 31, 2026.
($ in thousands) |  | March 31, 2026
2026 |  | $ | 1,511 |
2027 |  | 1,869 |
2028 |  | 1,779 |
2029 |  | 1,354 |
2030 |  | 997 |
Thereafter |  | 4,578 |
Total undiscounted cash flows |  | 12,088 |
Less: imputed interest |  | 1,480 |
Lease liabilities |  | $ | 10,608 |
Total gross rental income was $306 thousand and $335 thousand for the three months ended March 31, 2026 and 2025, respectively.
Leases | Leases Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. The Company’s long-term lease agreements for branches and offices are classified as operating leases. Certain of these leases offer the option to extend the lease term and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably certain of being exercised. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations. The following tables present information about the Company’s leases as of and for the periods presented.
($ in thousands) |  | March 31, 2026 |  | December 31, 2025
Right-of-use assets |  | $ | 10,102 |  |  | $ | 10,523 |
Lease liabilities |  | $ | 10,608 |  |  | $ | 11,027 |
Weighted-average remaining lease term |  | 8.80 years |  | 8.91 years
Weighted-average discount rate |  | 3.40 | % |  | 3.42 | %
Remaining lease term – min |  | 0.12 years |  | 0.36 years
Remaining lease term – max |  | 15.43 years |  | 15.68 years
|  |  |  | Three Months Ended March 31,
($ in thousands) |  |  |  |  |  | 2026 |  | 2025 |  |
Operating lease cost |  |  |  |  |  | $ | 512 |  |  | $ | 492 |  |  |
Total lease cost |  |  |  |  |  | $ | 512 |  |  | $ | 492 |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  | $ | 509 |  |  | $ | 467 |  |  |
The following table presents a maturity analysis of operating lease liabilities and a reconciliation of the undiscounted cash flows to total operating lease liabilities at March 31, 2026.
($ in thousands) |  | March 31, 2026
2026 |  | $ | 1,511 |
2027 |  | 1,869 |
2028 |  | 1,779 |
2029 |  | 1,354 |
2030 |  | 997 |
Thereafter |  | 4,578 |
Total undiscounted cash flows |  | 12,088 |
Less: imputed interest |  | 1,480 |
Lease liabilities |  | $ | 10,608 |
Total gross rental income was $306 thousand and $335 thousand for the three months ended March 31, 2026 and 2025, respectively.

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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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- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
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