Dime Commercial Bancshares, Inc. /NY/ Leases Disclosure
7. LEASES
The following table presents the Company’s remaining maturities of undiscounted lease payments, as well as a reconciliation to the discounted Operating lease liabilities in the Consolidated Statements of Financial Condition at December 31, 2025:
(In thousands) | | ||
2026 |
| $ | 15,210 |
2027 |
| 13,488 | |
2028 |
| 7,236 | |
2029 |
| 4,706 | |
2030 |
| 3,197 | |
Thereafter |
| 5,494 | |
Total undiscounted lease payments |
| 49,331 | |
Less amounts representing interest |
| (3,602) | |
Operating lease liabilities | $ | 45,729 | |
Other information related to our operating leases was as follows:
| Year Ended December 31, | ||||||||
(In thousands) | | 2025 | | 2024 | 2023 | ||||
Operating lease cost | $ | 14,119 | $ | 13,712 | $ | 12,801 | |||
Cash paid for amounts included in the measurement of operating lease liabilities | 13,930 | 13,684 |
| 12,560 | |||||
As of December 31, | |||||
2025 | 2024 | ||||
Weighted average remaining lease term | 4.3 | years | 4.4 | years | |
Weighted average discount rate | 3.18 | % | 2.72 | % | |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 22, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Mar 1, 2022 | |
| 2020 | Mar 15, 2021 | |
| 2019 | Mar 11, 2020 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.