v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Components of Lease expense

The components of total lease expense were as follows:

 

 

For the Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

 

 

(In Thousands)

 

Operating lease cost

 

$

336

 

 

$

344

 

Short-term lease cost

 

 

51

 

 

 

54

 

Variable lease cost

 

 

151

 

 

 

141

 

Total lease cost, net

 

$

538

 

 

$

539

 

Operating Lease Quantitative Information

Quantitative information regarding the Corporation’s operating leases was as follows:

 

 

March 31, 2026

 

 

December 31, 2025

 

Weighted-average remaining lease term (in years)

 

 

5.81

 

 

 

6.00

 

Weighted-average discount rate

 

 

4.05

%

 

 

4.04

%

Maturity of Operating Lease Liabilities

The following maturity analysis shows the undiscounted cash flows due on the Corporation’s operating lease liabilities:

(In Thousands)

 

 

 

2026

 

$

1,221

 

2027

 

 

1,647

 

2028

 

 

1,285

 

2029

 

 

933

 

2030

 

 

841

 

Thereafter

 

 

2,002

 

Total undiscounted cash flows

 

 

7,929

 

Discount on cash flows

 

 

(897

)

Total lease liability

 

$

7,032