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Leases (Tables)
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Right-of-Use Assets and Lease Liabilities
The following table represents the classification of the Company’s Right of Use (“ROU”) assets and lease liabilities on the Consolidated Statements of Financial Condition (in thousands):
September 30,December 31,
20242023
Lease ROU AssetsClassification
Operating lease ROU assetsOther assets$16,098 $18,979 
Finance lease ROU assetPremises and equipment, net1,129 1,304 
Total lease ROU assets$17,227 $20,283 
Lease Liabilities
Operating lease liabilities (1)
Other liabilities$17,831 $20,018 
Finance lease liabilityOther borrowings1,489 1,685 
Total lease liabilities$19,320 $21,703 
(1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $4.8 million and $5.9 million at September 30, 2024 and December 31, 2023, respectively.
Schedule of Weighted-Average Remaining Lease Term and Discount Rate
September 30,December 31,
20242023
Weighted-Average Remaining Lease Term
Operating leases6.01 years6.52 years
Finance lease4.85 years5.60 years
Weighted-Average Discount Rate
Operating leases3.09 %3.02 %
Finance lease5.63 5.63 
Schedule of Lease Expenses 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,
2024202320242023
Lease Expense
Operating lease expense$1,136 $1,153 $3,441 $3,472 
Finance lease expense:
Amortization of ROU assets59 58 175 170 
Interest on lease liabilities (1)
21 25 66 77 
Total$1,216 $1,236 $3,682 $3,719 
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,214 $1,154 $3,336 $3,414 
Operating cash flows from finance leases21 25 66 77 
Financing cash flows from finance leases66 63 196 186 
(1)Included in borrowed funds interest expense on the Consolidated Statements of Income. All other costs are included in occupancy expense on the Consolidated Statements of Income.
Schedule of Future Minimum Payments for Finance Leases
Future minimum payments for the finance lease and operating leases with initial or remaining terms were as follows (in thousands):
Finance LeaseOperating Leases
For the Year Ending December 31,
2024$88 $1,226 
2025350 4,719 
2026350 4,070 
2027350 2,696 
2028350 1,524 
Thereafter208 5,545 
Total1,696 19,780 
Less: Imputed interest(207)(1,949)
Total lease liabilities$1,489 $17,831 
Schedule of Future Minimum Payments for Operating Leases
Future minimum payments for the finance lease and operating leases with initial or remaining terms were as follows (in thousands):
Finance LeaseOperating Leases
For the Year Ending December 31,
2024$88 $1,226 
2025350 4,719 
2026350 4,070 
2027350 2,696 
2028350 1,524 
Thereafter208 5,545 
Total1,696 19,780 
Less: Imputed interest(207)(1,949)
Total lease liabilities$1,489 $17,831