NOTE 6 - LEASES

The Company leases space under non-cancelable operating leases for several of its banking offices and certain office equipment. The leases have remaining terms of up to 15 years. At March 31, 2026, the Company had lease right-of-use assets and lease liabilities totaling $22.1 million and $23.1 million, respectively, compared to $22.0 million and $23.1 million, respectively at December 31, 2025, which are reflected in other assets and other liabilities, respectively, in the Company’s Consolidated Balance Sheets.

Maturities of operating lease liabilities are as follows:

As of March 31, 2026, the weighted average remaining term of operating leases and the weighted average discount rate used in the measurement of operating lease liabilities was 7.2 years and 3.88%, respectively, compared to 7.7 years and 3.81%, respectively, as of March 31, 2025.

Operating cash flows related to leases were $1.5 million for the three months ended March 31, 2026 and 2025, respectively.

Lease costs during the three months ended March 31, 2026 and 2025 were as follows (in thousands):