GLACIER BANCORP, INC. Leases Disclosure
| December 31, 2025 | December 31, 2024 | ||||||||||||||||||||||
| (Dollars in thousands) | Finance Leases | Operating Leases | Finance Leases | Operating Leases | |||||||||||||||||||
| ROU assets | $ | 42,353 | 31,022 | ||||||||||||||||||||
| Accumulated depreciation | (15,332) | (11,056) | |||||||||||||||||||||
| $ | 27,021 | 48,553 | 19,966 | 36,286 | |||||||||||||||||||
| $ | 28,808 | 52,869 | 21,279 | 39,902 | |||||||||||||||||||
| Weighted-average remaining lease term | 9 years | 13 years | 11 years | 15 years | |||||||||||||||||||
| Weighted-average discount rate | 3.9 | % | 3.9 | % | 3.6 | % | 3.7 | % | |||||||||||||||
| December 31, 2025 | |||||||||||
| (Dollars in thousands) | Finance Leases | Operating Leases | |||||||||
| Maturing within one year | $ | 5,597 | 7,848 | ||||||||
| Maturing one year through two years | 5,598 | 7,692 | |||||||||
| Maturing two years through three years | 5,608 | 6,464 | |||||||||
| Maturing three years through four years | 5,616 | 5,562 | |||||||||
| Maturing four years through five years | 1,701 | 4,927 | |||||||||
| Thereafter | 10,010 | 36,945 | |||||||||
| Total lease payments | 34,130 | 69,438 | |||||||||
| Present value of lease payments | |||||||||||
| Short-term | 4,591 | 5,931 | |||||||||
| Long-term | 24,217 | 46,938 | |||||||||
| Total present value of lease payments | 28,808 | 52,869 | |||||||||
| Difference between lease payments and present value of lease payments | $ | 5,322 | 16,569 | ||||||||
| Year ended | |||||||||||
| (Dollars in thousands) | December 31, 2025 | December 31, 2024 | |||||||||
| Finance lease cost | |||||||||||
| Amortization of ROU assets | 4,539 | 4,364 | |||||||||
| Interest on lease liabilities | 1,094 | 844 | |||||||||
| Operating lease cost | 7,110 | 5,204 | |||||||||
| Short-term lease cost | 599 | 481 | |||||||||
| Variable lease cost | 2,394 | 1,706 | |||||||||
| Sublease income | (89) | (44) | |||||||||
| Total lease expense | 15,647 | 12,555 | |||||||||
| Year ended | |||||||||||||||||||||||
| December 31, 2025 | December 31, 2024 | ||||||||||||||||||||||
| (Dollars in thousands) | Finance Leases | Operating Leases | Finance Leases | Operating Leases | |||||||||||||||||||
Cash paid for amounts included in the measurement of lease liabilities | |||||||||||||||||||||||
| Operating cash flows | $ | 1,094 | 5,756 | 844 | 3,418 | ||||||||||||||||||
| Financing cash flows | 4,050 | N/A | 3,852 | N/A | |||||||||||||||||||
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.