USCB FINANCIAL HOLDINGS, INC.USCB

USCB FINANCIAL HOLDINGS, INC. Leases Disclosure

10-KFiled Mar 13, 20262 min read
4.
LEASES
The
Company
enters
into
leases
in
the
normal
course
of
business
primarily
for
banking
centers
and
back-office
operations. As of
December 31, 2025, the
Company leased nine
of the ten
banking centers and
the headquarter building.
The Company
is obligated
under non-cancelable
operating leases
for these
premises with
expiration dates
ranging from
2026 to 2036. Many of these leases have extension
clauses which the Company could exercise which
would extend these
expiration dates.
The Company
has classified
all leases as
operating leases.
Lease expense
for operating
leases are
recognized on
a
straight-line basis over
the lease term.
Right-of-use (“ROU”)
assets represent the
right to use
the underlying
asset for the
lease
term
and
lease
liabilities
represent
the
obligation
to
make
lease
payments
arising
from
the
lease.
The
Company
elected the short-term
lease recognition exemption
for all leases
that qualify,
meaning those with
terms under 12
months.
ROU assets or lease liabilities are not to be recognized
for short-term leases.
ROU assets and
lease liabilities are
recognized at the lease
commencement date based on
the estimated present value
of lease payments over the lease term.
As
most
of
the
Company’s
leases
do
not
provide
an
implicit
rate,
the
incremental
borrowing
rate
based
on
the
information available
at commencement
date is
used.
The Company’s
incremental borrowing
rate is
based on
the FHLB
advances rate matching or nearing the lease term.
The following table presents the ROU assets and lease liabilities
as of December 31, 2025 and 2024 (in thousands):
The weighted average remaining lease term and weighted average
discount rate as of December 31, 2025 and 2024:
Future lease payment obligations and a reconciliation to lease
liability as of December 31, 2025 (in thousands):
The lease cost for the years ended December 31, 2025
and 2024 (in thousands):
December 31,
2025
2024
ROU assets:
Operating leases
$
5,519
$
8,451
Lease liabilities:
Operating leases
$
5,519
$
8,451
December 31,
2025
2024
Weighted average remaining lease term (in years):
Operating leases
6.04
5.95
Weighted average discount rate:
Operating leases
2.94
%
2.94
%
Total
2026
$
2,383
2027
951
2028
492
2029
478
Thereafter
2,509
Total
future minimum lease payments
6,813
Less: interest component
(1,294)
Total
lease liability
$
5,519
December 31,
2025
2024
Finance lease cost:
ROU assets amortization
$
2,932
$
2,972
Operating lease cost
823
742
Less: Sublease income
(85)
(82)
Total
lease cost, net
$
3,670
$
3,632
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Historical Timeline

Fiscal YearFiled
2025Mar 13, 2026Showing above
2024Mar 14, 2025
2023Mar 22, 2024
2022Mar 24, 2023
2021Mar 24, 2022

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.

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