XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.25.2

Leases | 6 Months Ended
--- | ---
Jun. 30, 2025
Leases [Abstract] |
Leases | Leases The Company's leases primarily consist of office space and bank branches with remaining lease terms of generally 1 to 10 years. As of June 30, 2025, operating right of use (ROU) assets and liabilities were $2.7 million and $2.9 million, respectively. As of June 30, 2025, the weighted-average remaining lease term on these operating leases was approximately 5.8 years and the weighted-average discount rate used to measure the lease liabilities was approximately 4.4%. Operating leases in which the Company is the lessee are recorded as operating lease ROU assets and operating lease liabilities. Currently, the Company does not have any finance leases. The ROU assets are included in premises and equipment, net on the consolidated balance sheets. Operating lease ROU assets represent the Company's right to use an underlying asset during the lease term and operating lease liabilities represent the Company's obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents the Company's incremental borrowing rate at the lease commencement date. Operating lease cost, which is comprised of amortization of the ROU asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term, and is recorded in net occupancy expense in the consolidated statements of income. The operating lease cost was $0.2 million and $0.3 million for the three and six months ended June 30, 2025, respectively, compared to $0.06 million and $0.1 million for the three and six months ended June 30, 2024, respectively. The table below summarizes the maturity of remaining operating lease liabilities at June 30, 2025:
Lease payments due in: | Operating Lease
(dollars in thousands) |
2025 remaining | $ | 268
2026 | 550
2027 | 621
2028 | 630
2029 | 420
Thereafter | 803
Total lease payments | $ | 3,292 |
Less imputed interest | (401) |
Total lease liabilities, as reported | $ | 2,891

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration