Leases	9 Months Ended
Sep. 30, 2025
Leases
Leases	Note 11 — Leases The Company leases certain buildings, land and equipment that are classified as operating leases. These leases have remaining lease terms of up to approximately 16 years. Operating lease cost totaled $373 and $362 in the third quarter 2025 and 2024, respectively, and $1,104 and $1,086 in nine months 2025 and 2024, respectively. Cash paid for operating lease liabilities totaled $363 and $349 in the third quarter of 2025 and 2024, respectively, and $1,071 and $939 in nine months 2025 and 2024, respectively. As of September 30, 2025 and 2024, operating lease right-of-use assets were $5,293 and $6,313, respectively, and operating lease liabilities were $5,649 and $6,622, respectively. The weighted-average remaining lease term related to these operating leases was 11.0 years and 11.0 years as of September 30, 2025 and 2024, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.6% as of both September 30, 2025 and 2024. Maturities of the Company’s operating lease liabilities at September 30, 2025 are as follows: $460 in 2025 (rest of year), $783 in 2026, $709 in 2027, $315 in 2028, $119 in 2029 and $3,263 thereafter. The Company, as lessor, rents certain commercial real estate to third-party lessees. The September 30, 2025 and 2024 cost related to these leased properties was $51,228 and $51,370, respectively, and the accumulated depreciation related to these leased properties was $19,898 and $18,756, respectively. Terms of such leases, including renewal options, may be extended for up to fifty-five years, many of which provide for periodic adjustment of rent payments based on changes in consumer or other price indices. The Company recognizes lease income on a straight-line basis over the lease term. Lease income was $1,831 and $1,839 in third quarter 2025 and 2024, respectively, and $5,444 and $5,261 in nine months 2025 and 2024, respectively, and is classified in cash flows from operating activities.

Leases

9 Months Ended

Sep. 30, 2025

Note 11 — Leases

The Company leases certain buildings, land and equipment that are classified as operating leases. These leases have remaining lease terms of up to approximately 16 years. Operating lease cost totaled $373 and $362 in the third quarter 2025 and 2024, respectively, and $1,104 and $1,086 in nine months 2025 and 2024, respectively. Cash paid for operating lease liabilities totaled $363 and $349 in the third quarter of 2025 and 2024, respectively, and $1,071 and $939 in nine months 2025 and 2024, respectively. As of September 30, 2025 and 2024, operating lease right-of-use assets were $5,293 and $6,313, respectively, and operating lease liabilities were $5,649 and $6,622, respectively. The weighted-average remaining lease term related to these operating leases was 11.0 years and 11.0 years as of September 30, 2025 and 2024, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.6% as of both September 30, 2025 and 2024. Maturities of the Company’s operating lease liabilities at September 30, 2025 are as follows: $460 in 2025 (rest of year), $783 in 2026, $709 in 2027, $315 in 2028, $119 in 2029 and $3,263 thereafter.

The Company, as lessor, rents certain commercial real estate to third-party lessees. The September 30, 2025 and 2024 cost related to these leased properties was $51,228 and $51,370, respectively, and the accumulated depreciation related to these leased properties was $19,898 and $18,756, respectively. Terms of such leases, including renewal options, may be extended for up to fifty-five years, many of which provide for periodic adjustment of rent payments based on changes in consumer or other price indices. The Company recognizes lease income on a straight-line basis over the lease term. Lease income was $1,831 and $1,839 in third quarter 2025 and 2024, respectively, and $5,444 and $5,261 in nine months 2025 and 2024, respectively, and is classified in cash flows from operating activities.