v3.25.4
Note 14 - Leases
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Lessee, Operating Leases [Text Block]

14. LEASES 

 

As of December 31, 2025, all of the leases to which the Company was a party were operating leases.  The weighted average remaining term of the leases was 8.3 years.  The weighted average discount rate for the leases was 6.04%. Maturities of operating lease liability payments consisted of the following.

 

 

FUTURE MATURITY OF LEASE LIABILITIES

(Dollars in Thousands)

 

  

December 31, 2025

 

2026

 $2,876 

2027

  2,916 

2028

  2,826 

2029

  2,518 

2030

  2,100 

Thereafter

  8,516 

Total

  21,752 

Less imputed interest

  (4,793)

Lease obligation

 $16,959 

 

During the twelve months ended December 31, 2025 and 2024, total cash payments of $2,194 and $1,948, respectively, were recorded as a reduction in the operating lease obligation.  No cash payments were made to acquire right of use assets.