LEASES (Tables)

6 Months Ended

Jun. 30, 2026

The Company elected to not include short-term leases with initial terms of twelve months or less on the Condensed Consolidated Balance Sheets. The following presents the classification of the right-of-use assets and corresponding liabilities within the Condensed Consolidated Balance Sheets, as of the dates noted:


(dollars in thousands)		June 30, 2026		December 31, 2025
Lease Right-of-Use Assets	Classification
Operating lease right-of-use assets	Other assets	$	18,298	$	20,479

Lease Liabilities	Classification
Operating lease liabilities	Other liabilities	$	21,728	$	23,012

Schedule of weighted average lease term and discount rate


	June 30, 2026		December 31, 2025
Weighted-Average Remaining Lease Term
Operating leases	8.00 years		8.06 years

Weighted-Average Discount Rate
Operating leases	4.25	%	4.19	%

Lease costs

The following presents the Company’s net lease costs during the periods presented:


(dollars in thousands)	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Lease Costs
Operating lease cost	$	903	$	902	$	1,823	$	1,778
Variable lease cost	318		618		605		1,194
Lease costs, net	$	1,221	$	1,520	$	2,428	$	2,972

Schedule of minimum lease payments due

The following presents a maturity analysis of the Company’s operating lease liabilities on an annual basis for each of the next five years and total amounts thereafter (dollars in thousands):


Year Ending December 31,	Operating Leases
2026⁽¹⁾	$	377
2027	2,315
2028	2,076
2029	3,948
2030	3,810
Thereafter	14,451
Total future minimum lease payments	26,977
Less: imputed interest	(5,249)
Present value of net future minimum lease payments	$	21,728

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(1)Amount represents the remaining six months of year.

Summary of maturity analysis of the Company's operating payments to be received

The following presents a maturity analysis of the Company's lease payments to be received on an annual basis for each of the next five years and total amounts thereafter (dollars in thousands):


Year Ending December 31,	Undiscounted Operating Lease Income
2026⁽¹⁾	$	105
2027	185
2028	54
2029	56
2030	58
Thereafter	15
Total undiscounted operating lease income	$	473

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(1)Amount represents the remaining six months of the year.