Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 204

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 204
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582

       $
       620,512

       Three months ending    Six months ending  
   June 30,    June 30,    June 30,    June 30,  
   2025    2024    2025    2024  
 Net income/(loss)  $12,967  $(17,278) $16,029  $20,406 
 Net income/(loss) attributable to the investee  $8  $8  $8  $8 

       32

   12. LEASES
   ﻿ 
   The Company leases office space and certain computers and related equipment.  From time to time, the Company subleases office space to other tenants.  Under the requirements of ASC 842, the Company determines if an arrangement is a lease at the inception date of the contract. Then, the Company measures the lease liability using an incremental borrowing rate that was calculated for each operating lease based on the term of the lease, the U.S. Treasury term interest rate, and an estimated spread to borrow on a secured basis.
   ﻿ 
   Rent expense is recognized on a straight-line basis over the lease term and is included in business development, occupancy, and equipment expense.
   ﻿ 
   As of  June 30, 2025, all of the leases to which the Company was a party were operating leases.  The weighted average remaining term of the leases was 9.1 years.  The weighted average discount rate for the leases was 5.99%. 
   ﻿ 
   Maturities of operating lease liability payments consisted of the following.
    
   FUTURE MATURITY OF LEASE LIABILITIES
   (Dollars in Thousands)

        June 30, 2025 

        2025 - remaining 
        
       $
       1,200

        2026 

       2,471

        2027 

       2,491

        2028 

       2,504

        2029 

       2,417

        Thereafter 

       10,287

        Total 

       21,370

        Less imputed interest 

       (5,048
       )

        Lease obligation 
        
       $
       16,322

   ﻿During the six months ended  June 30, 202