v3.26.1
OPERATING LEASES (Tables)
6 Months Ended
Jun. 30, 2026
OPERATING LEASES  
Schedule of components of lease cost

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Three Months Ended June 30, 

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Six Months Ended June 30, 

(Dollars in thousands)

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2026

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2025

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2026

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2025

Operating lease cost

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$

939

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$

536

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$

1,887

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$

1,105

Variable lease cost

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60

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53

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120

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107

Short-term lease cost

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78

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—

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155

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—

Sublease income

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—

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—

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—

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—

Total net lease cost

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$

1,077

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$

589

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$

2,162

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$

1,212

Schedule of future maturities of the Company's operating lease liabilities

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(Dollars in thousands)

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Twelve Months Ended:

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Lease Liability

June 30, 2027

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$

1,970

June 30, 2028

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3,686

June 30, 2029

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3,242

June 30, 2030

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2,483

June 30, 2031

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1,875

After June 30, 2031

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3,418

Total lease payments

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16,674

Less: interest discount

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(2,543)

Present value of lease liabilities

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$

14,131

Schedule of supplemental lease information

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Supplemental Lease Information

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June 30, 2026

 

Weighted-average remaining lease term (years)

 

5.6

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Weighted-average discount rate

 

3.97

%

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Six Months Ended June 30, 

(Dollars in thousands)

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2026

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2025

Cash paid for amounts included in the measurement of lease liabilities:

 

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Operating cash flows from operating leases (cash payments)

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$

1,861

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$

1,102

Operating cash flows from operating leases (lease liability reduction)

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1,580

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951

Operating lease right-of-use assets obtained in exchange for leases entered into during the period

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406

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1,233

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