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Leases (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Summary of operating leases of lessee

The following table represents the classification of the Company’s right of use and lease liability.

 

 

Statement of Financial

 

Nine Months Ended

 

 

Year Ended

 

 

Condition Location

 

September 30, 2025

 

 

December 31, 2024

 

 

 

 

(In thousands)

 

Operating Lease Right of Use
   Asset:

 

 

 

 

 

 

 

 

Gross carrying amount beginning
   of year

 

 

 

$

21,903

 

 

$

23,398

 

Increased asset from new leases

 

 

 

 

452

 

 

 

3,066

 

Accumulated amortization

 

 

 

 

(2,203

)

 

 

(4,561

)

Net book value

 

Operating lease right-of-use asset

 

$

20,152

 

 

$

21,903

 

Operating Lease Liability:

 

 

 

 

 

 

 

 

Lease liability

 

Operating lease liability

 

$

21,221

 

 

$

22,941

 

Summary of lessee operating lease liability maturity

Future minimum payments under operating leases with terms longer than 12 months are as follows at September 30, 2025 (in thousands):

 

 

Amount

 

 

(In thousands)

 

Twelve months ended September 30,

 

 

 

2026

 

$

3,661

 

2027

 

 

3,395

 

2028

 

 

3,206

 

2028

 

 

2,719

 

2030

 

 

2,507

 

Thereafter

 

 

12,708

 

Total future operating lease payment

 

 

28,196

 

Amounts representing interest

 

 

(6,975

)

Present value of net future lease payments

 

$

21,221

 

Summary of lease cost

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

(In thousands)

 

 

(In thousands)

 

Lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease

 

$

1,009

 

 

$

1,030

 

 

$

3,049

 

 

$

2,992

 

Short-term lease cost

 

 

24

 

 

 

27

 

 

 

101

 

 

 

92

 

Total lease cost

 

$

1,033

 

 

$

1,057

 

 

$

3,150

 

 

$

3,085

 

Other information:

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of
   lease liabilities

 

$

949

 

 

$

890

 

 

$

2,836

 

 

$

2,641