Leases	6 Months Ended
Jun. 30, 2024
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 17 years. Operating lease cost totaled $368 and $367 in the second quarter of 2024 and 2023, respectively, and $735 and $602 for the first half of 2024 and 2023, respectively. Cash paid for operating lease liabilities totaled $342 and $349 in the second quarter of 2024 and 2023, respectively, and $601 and $567 for the first half of 2024 and 2023, respectively. As of June 30, 2024 and 2023, operating lease right-of-use assets were $6,607 and $6,291, respectively, and operating lease liabilities were $6,899 and $6,354, respectively. The weighted-average remaining lease term related to these operating leases was 10.9 years and 12.5 years as of June 30, 2024 and 2023, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.7% and 3.4% as of June 30, 2024 and 2023, respectively. Maturities of the Company’s operating lease liabilities at June 30, 2024 are as follows: $590 in 2024 (rest of year), $1,120 in 2025, $783 in 2026, $709 in 2027, $316 in 2028 and $3,381 thereafter. The Company, as lessor, rents certain commercial real estate to third-party lessees. The June 30, 2024 and 2023 cost related to these leased properties was $51,370 and $51,370, respectively, and the accumulated depreciation related to these leased properties was $18,492 and $17,432, respectively. Terms of such leases, including renewal options, may be extended for up to 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 second quarter and first half 2024 and 2023 was $1,835 and $1,222, respectively, and $3,422 and $2,443, respectively, and is classified in cash flows from operating activities. A lease with the Company as lessor commenced in the second quarter of 2024 when the tenant took occupancy as previously planned under an existing agreement. The lease has an initial term of 15 years and allows for the tenant to extend for up to 10 years. The deferred impact of initial direct costs and any deferred rent adjustments, as they are recorded, are included in long term Prepaid expense and other assets on the Consolidated Statements of Financial Position.

Leases

6 Months Ended

Jun. 30, 2024

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 17 years. Operating lease cost totaled $368 and $367 in the second quarter of 2024 and 2023, respectively, and $735 and $602 for the first half of 2024 and 2023, respectively. Cash paid for operating lease liabilities totaled $342 and $349 in the second quarter of 2024 and 2023, respectively, and $601 and $567 for the first half of 2024 and 2023, respectively. As of June 30, 2024 and 2023, operating lease right-of-use assets were $6,607 and $6,291, respectively, and operating lease liabilities were $6,899 and $6,354, respectively. The weighted-average remaining lease term related to these operating leases was 10.9 years and 12.5 years as of June 30, 2024 and 2023, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.7% and 3.4% as of June 30, 2024 and 2023, respectively. Maturities of the Company’s operating lease liabilities at June 30, 2024 are as follows: $590 in 2024 (rest of year), $1,120 in 2025, $783 in 2026, $709 in 2027, $316 in 2028 and $3,381 thereafter.

The Company, as lessor, rents certain commercial real estate to third-party lessees. The June 30, 2024 and 2023 cost related to these leased properties was $51,370 and $51,370, respectively, and the accumulated depreciation related to these leased properties was $18,492 and $17,432, respectively. Terms of such leases, including renewal options, may be extended for up to 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 second quarter and first half 2024 and 2023 was $1,835 and $1,222, respectively, and $3,422 and $2,443, respectively, and is classified in cash flows from operating activities.

A lease with the Company as lessor commenced in the second quarter of 2024 when the tenant took occupancy as previously planned under an existing agreement. The lease has an initial term of 15 years and allows for the tenant to extend for up to 10 years. The deferred impact of initial direct costs and any deferred rent adjustments, as they are recorded, are included in long term Prepaid expense and other assets on the Consolidated Statements of Financial Position.