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Leases (Tables)
 9 Months Ended
Sep. 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):
September 30,December 31,
20222021
Lease ROU AssetsClassification
Operating lease ROU assetsOther assets$19,474 $17,442 
Finance lease ROU assetPremises and equipment, net1,347 1,495 
Total lease ROU assets$20,821 $18,937 
Lease Liabilities
Operating lease liabilities (1)
Other liabilities$20,430 $17,982 
Finance lease liabilityOther borrowings1,750 1,904 
Total lease liabilities$22,180 $19,886 
(1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $8.2 million at both September 30, 2022 and December 31, 2021.
Schedule of Weighted Average Remaining Lease Term and Discount Rate
September 30,December 31,
20222021
Weighted-Average Remaining Lease Term
Operating leases7.04 years8.22 years
Finance lease6.85 years7.59 years
Weighted-Average Discount Rate
Operating leases2.84 %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 September 30,Nine Months Ended September 30,
2022202120222021
Lease Expense
Operating lease expense$1,159 $1,498 $3,857 $4,459 
Finance lease expense:
Amortization of ROU assets49 50 149 149 
Interest on lease liabilities(1)
24 28 76 85 
Total$1,232 $1,576 $4,082 $4,693 
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$955 $1,322 $3,366 $4,119 
Operating cash flows from finance leases24 28 76 85 
Financing cash flows from finance leases52 50 154 146 
(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 September 30, 2022 were as follows (in thousands):
Finance LeaseOperating Leases
For the Twelve Months Ending September 30,
2023$307 $4,268 
2024307 3,790 
2025307 3,841 
2026307 3,075 
2027307 2,198 
Thereafter568 5,721 
Total2,103 22,893 
Less: Imputed interest(353)(2,463)
Total lease liabilities$1,750 $20,430 
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 September 30, 2022 were as follows (in thousands):
Finance LeaseOperating Leases
For the Twelve Months Ending September 30,
2023$307 $4,268 
2024307 3,790 
2025307 3,841 
2026307 3,075 
2027307 2,198 
Thereafter568 5,721 
Total2,103 22,893 
Less: Imputed interest(353)(2,463)
Total lease liabilities$1,750 $20,430