Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Operating Lease Terms

The following table presents information regarding the Corporation’s operating leases:

At December 31,	2024		2023
Weighted average discount rate	3.80	%	3.80	%
Range of lease expiration dates	4 months - 23 years		3 months - 24 years
Range of lease renewal options	1 year - 5 years		3 years - 5 years
Weighted average remaining lease term	12.6 years		13.1 years

Schedule of Remaining Operating Lease Payments, Inclusive of Renewal Options

The following table presents the undiscounted annual lease payments under the terms of the Corporation’s operating leases at December 31, 2024, including a reconciliation to the present value of operating lease liabilities recognized in the Consolidated Balance Sheets:

(Dollars in thousands)
Years ending December 31:	2025	$3,984
	2026	3,587
	2027	3,043
	2028	2,701
	2029	2,571
	2030 and thereafter	21,445
Total operating lease payments		37,331
Less: interest		7,753
Present value of operating lease liabilities (1)		$29,578

(1)Includes short-term operating lease liabilities of $2.9 million.

Schedule of Total Lease Expense

The following table presents the components of total lease expense and operating cash flows:

(Dollars in thousands)
Year ended December 31,	2024	2023	2022
Lease Expense:
Operating lease expense	$4,482	$4,476	$4,159
Variable lease expense	170	201	104
Total lease expense (1)	$4,652	$4,677	$4,263
Cash Paid:
Cash paid reducing operating lease liabilities	$4,510	$4,275	$4,076

(1)Included in net occupancy expenses in the Consolidated Statements of Income (Loss).