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LEASES (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Lease balance sheet location
The Company elected to not include short-term leases with initial terms of twelve months or less on the Condensed Consolidated Balance Sheets. The following presents the classification of the right-of-use assets and corresponding liabilities within the Condensed Consolidated Balance Sheets, as of the dates noted:
(dollars in thousands)March 31,
2026
December 31,
2025
Lease Right-of-Use AssetsClassification
Operating lease right-of-use assetsOther assets$19,788 $20,479 
Lease LiabilitiesClassification
Operating lease liabilitiesOther liabilities$22,848 $23,012 
Schedule of weighted average lease term and discount rate
March 31,
2026
December 31,
2025
Weighted-Average Remaining Lease Term
Operating leases7.91 years8.06 years
Weighted-Average Discount Rate
Operating leases4.21 %4.19 %
Lease costs The following presents the Company’s net lease costs during the periods presented:
(dollars in thousands)
Three Months Ended March 31,
20262025
Lease Costs
Operating lease cost$920 $876 
Variable lease cost287 576 
Lease costs, net$1,207 $1,452 
Schedule of minimum lease payments due
The following presents a maturity analysis of the Company’s operating lease liabilities on an annual basis for each of the next five years and total amounts thereafter (dollars in thousands):
Year Ending December 31,Operating Leases
2026⁽¹⁾$1,455 
20272,430 
20282,192 
20294,016 
20303,810 
Thereafter14,451 
Total future minimum lease payments28,354 
Less: imputed interest(5,506)
Present value of net future minimum lease payments$22,848 
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(1)Amount represents the remaining nine months of year.
Summary of maturity analysis of the Company's operating payments to be received
The following presents a maturity analysis of the Company's lease payments to be received on an annual basis for each of the next five years and total amounts thereafter (dollars in thousands):
Year Ending December 31,Undiscounted
Operating Lease Income
2026⁽¹⁾$141 
2027176 
202854 
202956 
203058 
Thereafter15 
Total undiscounted operating lease income$500 
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(1)Amount represents the remaining nine months of the year.