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LEASES	12 Months Ended
Dec. 31, 2024
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 17 years. Operating lease cost totaled $1,435 and $1,328 for twelve months 2024 and 2023, respectively. Cash paid for operating lease liabilities totaled $1,274 and $1,193 for the twelve months 2024 and 2023, respectively. As of December 31, 2024 and 2023, operating lease right-of-use assets were $6,043 and $7,145, respectively, and operating lease liabilities were $6,366 and $7,306, respectively. The weighted-average remaining lease term related to these operating leases was 11.0 years and 10.2 years as of December 31, 2024 and 2023, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.6% and 3.7% as of December 31, 2024 and 2023, respectively. Maturities of operating lease liabilities at December 31, 2024 are as follows: $1,186 in 2025, $774 in 2026, $709 in 2027, $315 in 2028 and $3,382 thereafter. The Company, as lessor, rents certain commercial real estate to third party lessees. The December 31, 2024 and 2023 cost related to these leased properties was $52,885 and $51,370, respectively, and the accumulated depreciation related to these leased properties was $19,054 and $17,962, respectively. Terms of certain such leases, including renewal options, may be extended for up to approximately fifty-seven 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 2024 and 2023 was $7,076 and $5,385, respectively, and is classified in cash flows from operating activities.

LEASES

12 Months Ended

Dec. 31, 2024

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 17 years. Operating lease cost totaled $1,435 and $1,328 for twelve months 2024 and 2023, respectively. Cash paid for operating lease liabilities totaled $1,274 and $1,193 for the twelve months 2024 and 2023, respectively. As of December 31, 2024 and 2023, operating lease right-of-use assets were $6,043 and $7,145, respectively, and operating lease liabilities were $6,366 and $7,306, respectively. The weighted-average remaining lease term related to these operating leases was 11.0 years and 10.2 years as of December 31, 2024 and 2023, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.6% and 3.7% as of December 31, 2024 and 2023, respectively. Maturities of operating lease liabilities at December 31, 2024 are as follows: $1,186 in 2025, $774 in 2026, $709 in 2027, $315 in 2028 and $3,382 thereafter.

The Company, as lessor, rents certain commercial real estate to third party lessees. The December 31, 2024 and 2023 cost related to these leased properties was $52,885 and $51,370, respectively, and the accumulated depreciation related to these leased properties was $19,054 and $17,962, respectively. Terms of certain such leases, including renewal options, may be extended for up to approximately fifty-seven 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 2024 and 2023 was $7,076 and $5,385, respectively, and is classified in cash flows from operating activities.