Annual report [Section 13 and 15(d), not S-K Item 405]

Operating Leases (Tables)

v3.26.1
Operating Leases (Tables)
12 Months Ended
Dec. 31, 2025
Operating Leases  
Schedule of Future Minimum Operating Lease Payments

The following table presents information about the amount and timing of the liability arising from the Company’s operating lease as of December 31, 2025 ($ in thousands):

 

Maturity of Lease Liability  

Operating

Lease Liability

 
2026   $ 363  
2027     374  
2028     381  
2029     388  
2030     395  
Thereafter     481  
Total undiscounted operating lease payments   $ 2,382  
Less: Imputed interest     (189 )
Present value of operating lease liability   $ 2,193  
Weighted average remaining lease term     6.9 years  
Weighted average discount rate     2.6 %
Schedule of Supplemental Cash Flows Information Related to Operating Leases

Supplemental cash flows information related to operating leases was as follows:

 

    December 31,     December 31,  
    2025     2024  
Cash paid for amounts included in the measurement of lease liability ($ in thousands):                
Operating cash flows from operating leases   $ 262     $ 245  

ROU assets obtained in exchange for lease liabilities

 

$

677    

$

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