XML 32 R20.htm IDEA: XBRL DOCUMENT v3.25.4
LEASES
12 Months Ended
Dec. 31, 2025
LEASES  
LEASES

NOTE 13—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 $1,471 and $1,435 for twelve months 2025 and 2024, respectively. Cash paid for operating lease liabilities totaled $1,429 and $1,274 for the twelve months 2025 and 2024, respectively. As of December 31, 2025 and 2024, operating lease right-of-use assets were $5,026 and $6,043, respectively, and operating lease liabilities were $5,513 and $6,366, respectively. The weighted-average remaining lease term related to these operating leases was 11.4 years and 11.0 years as of December 31, 2025 and 2024, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.6% and 3.6% as of December 31, 2025 and 2024, respectively. Maturities of operating lease liabilities at December 31, 2025 are as follows: $985 in 2026, $709 in 2027, $315 in 2028, $118 in 2029 and $3,386 thereafter.

The Company, as lessor, rents certain commercial real estate to third party lessees. The December 31, 2025 and 2024 cost related to these leased properties was $51,228 and $52,885, respectively, and the accumulated depreciation related to these leased properties was $20,180 and $19,054, respectively. Terms of certain such leases, including renewal options, may be extended for up to approximately fifty-six 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 in the twelve months of 2025 and 2024 was $7,262 and $7,076, respectively, and is classified in cash flows from operating activities.