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 up to 14 years. At September 30, 2025, the Company had lease right-of-use assets and lease liabilities totaling $23.0 million and $24.1 million, respectively, compared to $26.1 million and $27.1 million, respectively, at December 31, 2024, 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 September 30, 2025, the weighted average remaining term of operating leases and the weighted average discount rate used in the measurement of operating lease liabilities was 7.4 years and 3.85%, respectively, compared to 7.8 years and 3.72%, respectively, as of September 30, 2024.

Operating cash flows related to leases were $1.5 million and $4.5 million for the three and nine months ended September 30, 2025, respectively, compared to $1.4 million and $4.2 million for the three and nine months ended September 30, 2024, respectively.

Lease costs during the three and nine months ended September 30, 2025 and September 30, 2024 were as follows (in thousands):