Noninterest Income and Noninterest Expense

6 Months Ended

Jun. 30, 2026

Noninterest Income and Noninterest Expense

Noninterest Income and Noninterest Expense

14. Noninterest Income and Noninterest Expense

Benefit Plans

The following table sets forth the components of net periodic benefit cost for the Company’s pension and postretirement benefit plans for the three and six months ended June 30, 2026 and 2025:


	Income line item where recognized in	Pension Benefits				Other Benefits
(dollars in thousands)	the consolidated statements of income	2026		2025		2026		2025
Three Months Ended June 30,
Service cost	Salaries and employee benefits	$	—	$	—	$	203	$	169
Interest cost	Other noninterest expense		1,713		1,879		225		225
Expected return on plan assets	Other noninterest expense		(831)		(876)		—		—
Recognized net actuarial loss (gain)	Other noninterest expense		278		383		(218)		(301)
Total net periodic benefit cost		$	1,160	$	1,386	$	210	$	93

Six Months Ended June 30,
Service cost	Salaries and employee benefits	$	—	$	—	$	406	$	338
Interest cost	Other noninterest expense		3,425		3,759		449		450
Expected return on plan assets	Other noninterest expense		(1,662)		(1,752)		—		—
Recognized net actuarial loss (gain)	Other noninterest expense		556		766		(436)		(602)
Total net periodic benefit cost		$	2,319	$	2,773	$	419	$	186

Leases

The Company recognized operating lease income related to lease payments of $1.7 million and $1.6 million for the three months ended June 30, 2026 and 2025, respectively, and $3.4 million and $3.2 million for the six months ended June 30, 2026 and 2025, respectively. In addition, the Company recognized $1.4 million of lease income related to variable lease payments for both the three months ended June 30, 2026 and 2025, and $2.9 million for both the six months ended June 30, 2026 and 2025.