XML 28 R18.htm IDEA: XBRL DOCUMENT v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
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 15 years. Operating lease cost totaled $275 and $366 in the second quarter 2026 and 2025, respectively, and $642 and $731 in first half 2026 and 2025, respectively. Cash paid for operating lease liabilities totaled $269 and $355 in the second quarter of 2026 and 2025, respectively, and $627 and $708 in first half 2026 and 2025, respectively. As of June 30, 2026 and 2025, operating lease right-of-use assets were $4,572 and $5,554, respectively, and operating lease liabilities were $4,953 and $5,901, respectively. The weighted-average remaining lease term related to these operating leases was 11.5 years and 11.0 years as of June 30, 2026 and 2025, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.6% and 3.6% as of June 30, 2026 and 2025, respectively. Maturities of the Company’s operating lease liabilities at June 30, 2026 are as follows: $553 in 2026 (rest of year), $703 in 2027, $315 in 2028, $118 in 2029, $123 in 2030 and $3,141 thereafter.

​

The Company, as lessor, rents certain commercial real estate to third-party lessees. The June 30, 2026 and 2025 cost related to these leased properties was $51,228 and $51,228, respectively, and the accumulated depreciation related to these leased properties was $20,743 and $19,617, respectively. Terms of such leases, including renewal options, may be extended for up to fifty-four 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 $1,826 in second quarter 2026 and 2025, respectively, and $3,667 and $3,613 in first half 2026 and 2025, respectively, and is classified in cash flows from operating activities.

​