Right-of-Use Assets and Lease Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Finance and Operating Lease Details

The following table presents our lease expense for operating and finance leases for the years ended December 31:

(dollars in thousands)	2025		2024		2023
Operating lease expense	$	5,083	$	5,126	$	5,199
Amortization of ROU assets - finance leases	90		90		90
Interest on lease liabilities - finance leases	51		56		60
Total Lease Expense	$	5,224	$	5,272	$	5,349

The following table presents our ROU assets, weighted average term and the discount rates for operating and finance leases as of December 31:

(dollars in thousands)	2025			2024
Operating Leases
ROU assets	$	38,075		$	40,331
Operating cash flows	$	7,092		$	7,253
Finance Leases
ROU assets	$	605		$	695
Operating cash flows	$	51		$	56
Financing cash flows	$	81		$	75
Weighted Average Lease Term - Years
Operating leases	16.7			17.2
Finance leases	11.0			11.4
Weighted Average Discount Rate
Operating leases	6.19		%	5.99		%
Finance leases	6.05		%	6.03		%

Finance and Operating Lease Details

The following table presents our lease expense for operating and finance leases for the years ended December 31:

(dollars in thousands)	2025		2024		2023
Operating lease expense	$	5,083	$	5,126	$	5,199
Amortization of ROU assets - finance leases	90		90		90
Interest on lease liabilities - finance leases	51		56		60
Total Lease Expense	$	5,224	$	5,272	$	5,349

The following table presents our ROU assets, weighted average term and the discount rates for operating and finance leases as of December 31:

(dollars in thousands)	2025			2024
Operating Leases
ROU assets	$	38,075		$	40,331
Operating cash flows	$	7,092		$	7,253
Finance Leases
ROU assets	$	605		$	695
Operating cash flows	$	51		$	56
Financing cash flows	$	81		$	75
Weighted Average Lease Term - Years
Operating leases	16.7			17.2
Finance leases	11.0			11.4
Weighted Average Discount Rate
Operating leases	6.19		%	5.99		%
Finance leases	6.05		%	6.03		%

Maturity Analysis of Lease Liabilities for Operating Leases

The following table presents the maturity analysis of lease liabilities for operating and finance leases as of December 31, 2025:

(dollars in thousands)	Operating			Finance		Total
Maturity Analysis
2026		$	4,874	$	133	$	5,007
2027		4,552		135		4,687
2028		4,519		130		4,649
2029		4,526		61		4,587
2030		4,467		62		4,529
Thereafter		52,577		625		53,202
Total		75,515		1,146		76,661
Less: Present value discount		(30,677)		(329)		(31,006)
Lease Liabilities		$	44,838	$	817	$	45,655

Maturity Analysis of Lease Liabilities for Finance Leases

The following table presents the maturity analysis of lease liabilities for operating and finance leases as of December 31, 2025:

(dollars in thousands)	Operating			Finance		Total
Maturity Analysis
2026		$	4,874	$	133	$	5,007
2027		4,552		135		4,687
2028		4,519		130		4,649
2029		4,526		61		4,587
2030		4,467		62		4,529
Thereafter		52,577		625		53,202
Total		75,515		1,146		76,661
Less: Present value discount		(30,677)		(329)		(31,006)
Lease Liabilities		$	44,838	$	817	$	45,655