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Leases (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Components of Lease expense

The components of total lease expense were as follows:

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(In Thousands)

 

Operating lease cost

 

$

336

 

 

$

333

 

 

$

1,006

 

 

$

1,028

 

Short-term lease cost

 

 

36

 

 

 

31

 

 

 

126

 

 

 

106

 

Variable lease cost

 

 

128

 

 

 

143

 

 

 

402

 

 

 

430

 

Total lease cost, net

 

$

500

 

 

$

507

 

 

$

1,534

 

 

$

1,564

 

Operating Lease Quantitative Information

Quantitative information regarding the Corporation’s operating leases was as follows:

 

 

September 30, 2025

 

 

December 31, 2024

 

Weighted-average remaining lease term (in years)

 

 

6.19

 

 

 

6.93

 

Weighted-average discount rate

 

 

3.16

%

 

 

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

 

$

401

 

2026

 

 

1,623

 

2027

 

 

1,647

 

2028

 

 

1,285

 

2029

 

 

933

 

Thereafter

 

 

2,843

 

Total undiscounted cash flows

 

 

8,732

 

Discount on cash flows

 

 

(1,045

)

Total lease liability

 

$

7,687