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Leases | 3 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Leases | Note 14: Leases The Company has operating and finance leases for certain banking offices and land under noncancelable agreements. Our leases have remaining lease terms that vary fro m less than one year up to twenty-eight years, some of which include options to extend the leases for various renewal periods. All options to renew are included in the current lease term when it is reasonably certain that the renewal options will be exercised. The components of lease expense are as follows:
|  | For the three months ended |
(In thousands) |  | March 31, 2025 |  |  | March 31, 2024 |
Operating lease cost |  | $ | 49 |  |  | $ | 49 |
Finance lease cost |  |  | 429 |  |  |  | 108 |
Supplemental cash flow information related to leases was as follows:
|  | For the three months ended |
(In thousands) |  | March 31, 2025 |  |  | March 31, 2024 |
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases |  | $ | 46 |  |  | $ | 45 |
Operating cash flows from finance leases |  |  | 429 |  |  |  | 108 |
Financing cash flows from finance leases |  |  | 111 |  |  |  | 32 |
Supplemental balance sheet information related to leases was as follows:
(In thousands, except lease term and discount rate) |  | March 31, 2025 |  |  | December 31, 2024 |
Operating Leases: |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 1,356 |  |  | $ | 1,391 |
Operating lease liabilities |  |  | 1,560 |  |  |  | 1,591 |
Finance Leases: |  |  |  |  |  |
Finance lease right-of-use assets |  | $ | 16,478 |  |  | $ | 16,676 |
Finance lease liabilities |  |  | 16,655 |  |  |  | 16,745 |
Weighted Average Remaining Lease Term: |  |  |  |  |  |
Operating leases |  | 17.07 years |  |  | 17.08 years |
Finance leases |  | 21.77 years |  |  | 22.01 years |
Weighted Average Discount Rate: |  |  |  |  |  |
Operating leases |  |  | 3.90 | % |  |  | 3.90 | %
Finance leases |  |  | 6.01 | % |  |  | 6.01 | %
As of March 31, 2025, future maturities of lease liabilities are as follows:
Twelve Months Ending March 31, |  |  |  |  |  |
(In thousands) |  | Operating Leases |  |  | Finance Leases |
2026 |  | $ | 116 |  |  | $ | 361 |
2027 |  |  | 117 |  |  |  | 381 |
2028 |  |  | 123 |  |  |  | 401 |
2029 |  |  | 87 |  |  |  | 426 |
2030 |  |  | 71 |  |  |  | 450 |
Thereafter |  |  | 1,046 |  |  |  | 14,636 |
Total future maturities of lease liabilities |  | $ | 1,560 |  |  | $ | 16,655 |
The Company owns certain properties that it leases to unaffiliated third parties at market rates. Lease rental income was $61,000 and $55,000 for the three months ended March 31, 2025 and 2024, respectively. The leas e agreements in which the Company is the lessor are a mix of operating and finance leases.

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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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