Operating Leases

6 Months Ended

Jun. 30, 2026

The following table presents operating lease cost and supplemental cash flow information related to leases for the periods indicated:


	Three Months Ended June 30,				Six Months Ended June 30,
($ in thousands)	2026		2025		2026		2025
Operating lease cost (1)	$	915	$	912	$	1,853	$	1,873
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	908	$	885	$	1,839	$	1,816
Right of use assets obtained in exchange for lease obligations	$	85	$	878	$	85	$	2,223
Right of use assets impairment (2)	$	—	$	82	$	—	$	228

(1) Included in Occupancy and Equipment on the Consolidated Statements of Income (Unaudited).

(2) Included in Other Expense on the Consolidated Statements of Income (Unaudited).

The Company used the incremental borrowing rate based on the information available at lease commencement in determining the present value of lease payments. The following table presents supplemental balance sheet information related to leases as of the dates indicated:


($ in thousands)	June 30, 2026			December 31, 2025
Operating leases:
Operating lease assets	$	15,844		$	17,158
Operating lease liabilities	$	17,701		$	18,996
Weighted-average remaining lease term	6.7 years			7.1 years
Weighted-average discount rate	4.82		%	4.78		%

The following table presents maturities of operating lease liabilities as of the date indicated:


($ in thousands)	June 30, 2026
Maturities:
2026	$	1,733
2027	3,222
2028	3,115
2029	2,940
2030	2,778
After 2030	7,586
Total lease payment	21,374
Imputed Interest	(3,673)
Present value of operating lease liabilities	$	17,701