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Leases	3 Months Ended
Mar. 31, 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 $359 and $375 in the first quarter of 2025 and 2024, respectively. Cash paid for operating lease liabilities totaled $346 and $268 in the first quarter of 2025 and 2024. As of March 31, 2025 and 2024, operating lease right-of-use assets were $5,791 and $6,896, respectively, and operating lease liabilities were $6,127 and $7,163, respectively. The weighted-average remaining lease term related to these operating leases was 11.0 years and 10.9 years as of March 31, 2025 and 2024, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.6% and 3.7% as of March 31, 2025 and 2024, respectively. Maturities of the Company’s operating lease liabilities at March 31, 2025 are as follows: $947 in 2025 (rest of year), $774 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 March 31, 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 $19,530 and $18,227, 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 in first quarter 2025 and 2024 was $1,787 and $1,587, respectively, and is classified in cash flows from operating activities.

Leases

3 Months Ended

Mar. 31, 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 $359 and $375 in the first quarter of 2025 and 2024, respectively. Cash paid for operating lease liabilities totaled $346 and $268 in the first quarter of 2025 and 2024. As of March 31, 2025 and 2024, operating lease right-of-use assets were $5,791 and $6,896, respectively, and operating lease liabilities were $6,127 and $7,163, respectively. The weighted-average remaining lease term related to these operating leases was 11.0 years and 10.9 years as of March 31, 2025 and 2024, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.6% and 3.7% as of March 31, 2025 and 2024, respectively. Maturities of the Company’s operating lease liabilities at March 31, 2025 are as follows: $947 in 2025 (rest of year), $774 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 March 31, 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 $19,530 and $18,227, 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 in first quarter 2025 and 2024 was $1,787 and $1,587, respectively, and is classified in cash flows from operating activities.