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LEASES (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Operating and Finance Lease Liabilities


Leases	Classification	March 31, 2026		December 31, 2025
Assets:
Operating lease assets	Operating lease right-of-use assets	$	40,118	$	40,876
Finance lease assets	Finance lease right-of-use assets	17,289		17,417
Finance lease assets	Premises and equipment, net (1)	54		71
Total leased assets		$	57,461	$	58,364

Liabilities:
Operating lease liabilities	Operating lease liabilities	$	43,101	$	43,747
Finance lease liabilities	Accrued interest payable and other liabilities	18,026		18,051
Total leased liabilities		$	61,127	$	61,798

(1) Finance lease assets are recorded net of accumulated amortization of $1.2 million as of March 31, 2026 and $1.1 million as of December 31, 2025.

Schedule of Lease Cost

The components of the Corporation's net lease expense for the three months ended March 31, 2026 and 2025, respectively, were as follows:


		Three Months Ended March 31,
Lease Cost	Classification	2026		2025
Operating lease cost	Net occupancy expense	$	1,047	$	790
Variable lease cost	Net occupancy expense	76		49
Finance lease cost:
Amortization of leased assets	Net occupancy expense	146		147
Interest on lease liabilities	Interest expense - borrowed funds	236		236
Sublease income (1)	Net occupancy expense	(28)		(26)
Net lease cost		$	1,477	$	1,196

(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 noncancellable leases with initial terms in excess of one year as of March 31, 2026:


Maturity of Lease Liabilities as of March 31, 2026	Operating Leases (1)		Finance Leases		Total
2026	$	2,774	$	779	$	3,553
2027	3,408		934		4,342
2028	3,357		978		4,335
2029	3,196		978		4,174
2030	3,156		978		4,134
After 2030	53,821		37,156		90,977
Total lease payments	69,712		41,803		111,515
Less: Interest	26,611		23,777		50,388
Present value of lease liabilities	$	43,101	$	18,026	$	61,127

(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised.

Schedule of Minimum Annual Rental Commitments Under Operating Lease

The following table sets forth future minimum rental payments under noncancellable leases with initial terms in excess of one year as of March 31, 2026:


Maturity of Lease Liabilities as of March 31, 2026	Operating Leases (1)		Finance Leases		Total
2026	$	2,774	$	779	$	3,553
2027	3,408		934		4,342
2028	3,357		978		4,335
2029	3,196		978		4,174
2030	3,156		978		4,134
After 2030	53,821		37,156		90,977
Total lease payments	69,712		41,803		111,515
Less: Interest	26,611		23,777		50,388
Present value of lease liabilities	$	43,101	$	18,026	$	61,127

(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised.

Schedule of Weighted Average Lease Term and Discount Rate

Lease terms and discount rates related to the Corporation's lease liabilities as of March 31, 2026 and December 31, 2025 were as follows:


Lease Term and Discount Rate	March 31, 2026		December 31, 2025
Weighted-average remaining lease term (years)
Operating leases	21.5		21.6
Finance leases	33.7		33.9

Weighted-average discount rate
Operating leases	4.38	%	4.33	%
Finance leases	5.29	%	5.32	%

Other information related to the Corporation's lease liabilities as of March 31, 2026 and 2025, respectively, was as follows:


Other Information	March 31, 2026		March 31, 2025

Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	494	$	286