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LEASES | 3 Months Ended
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Mar. 31, 2026
LEASES |
LEASES | 6. LEASES The Company leases certain premises under operating leases. In recognizing lease right-of-use assets and related liabilities, the Company accounts for lease and non-lease components (such as taxes, insurance, and common area maintenance costs) separately as such amounts are generally readily determinable under the lease contracts. As of March 31, 2026 and December 31, 2025, the Company had operating lease liabilities totaling $61 million and right-of-use assets totaling $65 million and $66 million, respectively, reflected in our condensed consolidated balance sheets related to these leases. The Company does not currently have any financing leases. For the three months ended March 31, 2026 and 2025, net operating lease costs were $2 million and $1 million, respectively. These net operating lease costs are reflected in occupancy expenses on the condensed consolidated statements of income. The following table presents other information related to operating leases: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2026 | ​ | ​ | March 31, 2025 | ​
Other information: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average remaining lease term - operating leases, in years | ​ | ​ | 17.4 | ​ | ​ | ​ | 5.9 | ​
Weighted-average discount rate - operating leases | ​ |  | 8.4 | % | ​ |  | 4.0 | %
​ The following table summarizes the maturity of remaining lease liabilities: ​
​ | ​ | ​ | ​
​ | ​ | As of
(dollars in thousands) | ​ | March 31, 2026
Lease payments due: | ​ | ​ | ​
2026 | ​ | $ | 5,407
2027 | ​ | ​ | 7,253
2028 | ​ | ​ | 7,168
2029 | ​ | ​ | 6,641
2030 | ​ | ​ | 5,883
Thereafter | ​ |  | 91,751
Total lease payments | ​ | ​ | 124,103
Less: imputed interest | ​ | ​ | (63,271)
Lease liabilities | ​ | $ | 60,832
​ As of March 31, 2026, the Company did not have any operating lease that has not yet commenced that would create additional lease liabilities and right-of-use assets. The amount of expense related to short-term leases recognized for the three months ended March 31, 2026 and 2025 was immaterial.

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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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