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LEASES (Tables)
6 Months Ended
Jun. 30, 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)June 30,
2026
December 31,
2025
Lease Right-of-Use AssetsClassification
Operating lease right-of-use assetsOther assets$18,298 $20,479 
Lease LiabilitiesClassification
Operating lease liabilitiesOther liabilities$21,728 $23,012 
Schedule of weighted average lease term and discount rate
June 30,
2026
December 31,
2025
Weighted-Average Remaining Lease Term
Operating leases8.00 years8.06 years
Weighted-Average Discount Rate
Operating leases4.25 %4.19 %
Lease costs The following presents the Company’s net lease costs during the periods presented:
(dollars in thousands)
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Lease Costs
Operating lease cost$903 $902 $1,823 $1,778 
Variable lease cost318 618 605 1,194 
Lease costs, net$1,221 $1,520 $2,428 $2,972 
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⁾$377 
20272,315 
20282,076 
20293,948 
20303,810 
Thereafter14,451 
Total future minimum lease payments26,977 
Less: imputed interest(5,249)
Present value of net future minimum lease payments$21,728 
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(1)Amount represents the remaining six 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⁾$105 
2027185 
202854 
202956 
203058 
Thereafter15 
Total undiscounted operating lease income$473 
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(1)Amount represents the remaining six months of the year.