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Leases (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Operating Lease Terms
The following table presents information regarding the Corporation’s operating leases:
Sep 30, 2025Dec 31, 2024
Operating lease ROU assets
$35,968 $26,943 
Operating lease liabilities$38,741 $29,578 
Weighted average discount rate5.37%3.80%
Range of lease expiration dates
1 month - 22 years
4 months - 23 years
Range of lease renewal options
3 years - 15 years
1 year - 5 years
Weighted average remaining lease term
13.1 years12.6 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 September 30, 2025, including a reconciliation to the present value of operating lease liabilities recognized in the Consolidated Balance Sheets:
(Dollars in thousands)
October 1, 2025 to December 31, 2025$1,272 
20264,787 
20274,297 
20284,015 
20293,909 
2030 and thereafter36,302 
Total operating lease payments54,582 
Less: interest15,841 
Present value of operating lease liabilities (1)
$38,741 
(1)Includes short-term operating lease liabilities of $3.1 million.
Schedule of Total Lease Expense
The following table presents the components of total lease expense and operating cash flows:
(Dollars in thousands)Three Months
Nine Months
Periods ended September 30, 2025202420252024
Lease Expense:
Operating lease expense$1,333 $1,115 $3,960 $3,362 
Variable lease expense54 44 150 125 
Total lease expense (1)
$1,387 $1,159 $4,110 $3,487 
Cash Paid:
Cash paid reducing operating lease liabilities$1,282 $1,116 $3,823 $3,401 
(1)Included in net occupancy expenses in the Consolidated Statements of Income.