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Leases (Tables) | 3 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Components of Lease expense | The components of total lease expense were as follows:
|  | For the Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
|  | (In Thousands) |
Operating lease cost |  | $ | 344 |  |  | $ | 357 |
Short-term lease cost |  |  | 54 |  |  |  | 37 |
Variable lease cost |  |  | 141 |  |  |  | 141 |
Total lease cost, net |  | $ | 539 |  |  | $ | 535 |
Operating Lease Quantitative Information | Quantitative information regarding the Corporation’s operating leases was as follows:
|  | March 31, 2025 |  |  | December 31, 2024 |
Weighted-average remaining lease term (in years) |  |  | 6.76 |  |  |  | 6.93 |
Weighted-average discount rate |  |  | 3.42 | % |  |  | 3.37 | %
Maturity of Operating Lease Liabilities | The following maturity analysis shows the undiscounted cash flows due on the Corporation’s operating lease liabilities:
(In Thousands) |  |  |
2025 |  | $ | 1,090 |
2026 |  |  | 1,448 |
2027 |  |  | 1,469 |
2028 |  |  | 1,113 |
2029 |  |  | 792 |
Thereafter |  |  | 2,808 |
Total undiscounted cash flows |  |  | 8,720 |
Discount on cash flows |  |  | (1,116 | )
Total lease liability |  | $ | 7,604 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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