XML 62 R45.htm IDEA: XBRL DOCUMENT v3.25.4
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule Of Operating And Finance Lease Liabilities
LeasesClassificationDecember 31, 2025December 31, 2024
Assets:
Operating lease assetsOperating lease right-of-use assets$40,876 $37,764 
Finance lease assetsFinance lease right-of-use assets17,417 14,951 
Finance lease assets
Premises and equipment, net (1)
71 143 
Total leased assets$58,364 $52,858 
Liabilities:
Operating lease liabilitiesOperating lease liabilities$43,747 $40,315 
Finance lease liabilitiesAccrued interest payable and other liabilities18,051 15,151 
Total leased liabilities$61,798 $55,466 
(1) Finance lease assets are recorded net of accumulated amortization of $1.1 million and $1.1 million as of December 31, 2025 and 2024, respectively.
Schedule Of Lease Cost
The components of the Corporation's net lease expense for the years ended December 31, 2025, 2024, and 2023 were as follows:

Lease CostClassificationDecember 31, 2025December 31, 2024December 31, 2023
Operating lease costNet occupancy expense$3,575 $3,066 $2,963 
Variable lease costNet occupancy expense114 103 92 
Finance lease cost:
Amortization of leased assetsNet occupancy expense553 72 72 
Interest on lease liabilitiesInterest expense - borrowed funds942 11 15 
Sublease income (1)
Net occupancy expense(101)(96)(93)
Gain on sale-leaseback transactionsNoninterest income - other(13)(63)— 
Net lease cost$5,070 $3,093 $3,049 
(1) Sublease income excludes rental income from owned properties.
Schedule of Finance Lease, Liability, Maturity
The following table sets forth future minimum rental payments under noncancelable leases with terms in excess of one year as of December 31, 2025:

Maturity of Lease Liabilities as of December 31, 2025
Operating Leases (1)
Finance LeasesTotal
2026$3,702 $1,042 $4,744 
20273,413 934 4,347 
20283,361 978 4,339 
20293,201 978 4,179 
20303,161 978 4,139 
After 203053,825 37,156 90,981 
Total lease payments70,663 42,066 112,729 
Less: Interest26,916 24,015 50,931 
Present value of lease liabilities$43,747 $18,051 $61,798 
(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude zero of legally binding minimum lease payments for leases signed, but not yet commenced.
Schedule of Minimum Annual Rental Commitments Under Operating Lease
The following table sets forth future minimum rental payments under noncancelable leases with terms in excess of one year as of December 31, 2025:

Maturity of Lease Liabilities as of December 31, 2025
Operating Leases (1)
Finance LeasesTotal
2026$3,702 $1,042 $4,744 
20273,413 934 4,347 
20283,361 978 4,339 
20293,201 978 4,179 
20303,161 978 4,139 
After 203053,825 37,156 90,981 
Total lease payments70,663 42,066 112,729 
Less: Interest26,916 24,015 50,931 
Present value of lease liabilities$43,747 $18,051 $61,798 
(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude zero of legally binding minimum lease payments for leases signed, but not yet commenced.
Schedule of Weighted Average Lease Term and Discount Rate
Other information related to the Corporation's lease liabilities as of December 31, 2025 and 2024 was as follows:

Lease Term and Discount RateDecember 31, 2025December 31, 2024
Weighted-average remaining lease term (years)
Operating leases21.622.8
Finance leases33.934.6
Weighted-average discount rate
Operating leases4.33 %4.22 %
Finance leases5.32 %5.24 %

Other information related to the Corporation's lease liabilities as of December 31, 2025 and 2024 was as follows:

Other InformationDecember 31, 2025December 31, 2024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used by operating leases$1,463 $1,052