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Leases (Tables)
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Schedule of Right-of-Use Assets and Lease Liabilities
The following table represents the classification of the Company’s right-of-use assets and lease liabilities on the consolidated statements of financial condition (in thousands):
June 30,December 31,
20222021
Lease ROU AssetsClassification
Operating lease ROU assetsOther assets$20,467 $17,442 
Finance lease ROU assetPremises and equipment, net1,396 1,495 
Total lease ROU assets$21,863 $18,937 
Lease Liabilities
Operating lease liabilities (1)
Other liabilities$21,218 $17,982 
Finance lease liabilityOther borrowings1,802 1,904 
Total lease liabilities$23,020 $19,886 
(1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $8.5 million and $8.2 million as of June 30, 2022 and December 31, 2021, respectively.
Schedule of Weighted Average Remaining Lease Term and Discount Rate
June 30,December 31,
20222021
Weighted-Average Remaining Lease Term
Operating leases7.17 years8.22 years
Finance lease7.10 years7.59 years
Weighted-Average Discount Rate
Operating leases2.83 %2.97 %
Finance lease5.63 5.63 
Schedule of Lease Costs and Other Lease Information
The following table represents lease expenses and other lease information (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Lease Expense
Operating lease expense$1,440 $1,471 $2,698 $2,961 
Finance lease expense:
Amortization of ROU assets50 49 99 99 
Interest on lease liabilities(1)
26 28 52 57 
Total$1,516 $1,548 $2,849 $3,117 
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,249 $1,347 $2,411 $2,797 
Operating cash flows from finance leases26 28 52 57 
Financing cash flows from finance leases51 48 102 96 
(1)Included in borrowed funds interest expense on the consolidated statements of income. All other costs are included in occupancy expense.
Future Minimum Payments for Finance Leases
Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of June 30, 2022 were as follows (in thousands):
Finance LeaseOperating Leases
For the Twelve Months Ending June 30,
2023$307 $4,174 
2024307 3,828 
2025307 3,936 
2026307 3,226 
2027307 2,492 
Thereafter645 6,168 
Total2,180 23,824 
Less: Imputed interest(378)(2,606)
Total lease liabilities$1,802 $21,218 
Future Minimum Payments for Operating Leases
Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of June 30, 2022 were as follows (in thousands):
Finance LeaseOperating Leases
For the Twelve Months Ending June 30,
2023$307 $4,174 
2024307 3,828 
2025307 3,936 
2026307 3,226 
2027307 2,492 
Thereafter645 6,168 
Total2,180 23,824 
Less: Imputed interest(378)(2,606)
Total lease liabilities$1,802 $21,218