Leases

6 Months Ended

Jun. 30, 2025

(6) LEASES

The Company has leased premises that expire at various dates through February 28, 2031 subject to various operating leases.

The following table presents the operating lease costs and additional information for the three and six months ended June 30, 2025 and 2024.


	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in thousands)	2025			2024			2025			2024
Operating lease costs	$	556		$	607		$	1,176		$	1,210
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		683			698			1,358			1,355
Right-of-use asset obtained in exchange for lease liability		(63	)		(58	)		(126	)		(118	)

The following table presents the breakout of the operating leases as of June 30, 2025 and December 31, 2024.


(Dollars in thousands)	June 30, 2025			December 31, 2024
Operating lease right-of-use assets	$	5,946		$	6,922
Other current liabilities		2,290			2,294
Operating lease liabilities		4,041			5,128
Total operating lease liabilities		6,331			7,422
Weighted average remaining lease term	3.5 years			4.1 years
Weighted average discount rate		5.55	%	5.56%

At June 30, 2025, maturities of the lease liabilities were as follows:


(Dollars in thousands)
Remainder of 2025	$	1,275
2026		2,567
2027		1,342
2028		575
2029		589
Thereafter		548
Total lease payments		6,896
Less imputed interest		565
Total operating lease liabilities	$	6,331