Leases

12 Months Ended

Dec. 31, 2022

Leases

Leases

7) Leases

As of December 31, 2022 and December 31, 2021, operating lease right-of-use (“ROU”) assets, included in other assets and lease liabilities, included in other liabilities, totaled $33,031,000 and $34,879,000, respectively.  

The following table presents the quantitative information for the Company’s leases:

		Year Ended
		December 31,
		2022		2021
	(Dollars in thousands)
Operating Lease Cost (Cost resulting from lease payments)	$	6,625	$	6,533
Operating Lease - Operating Cash Flows (Fixed Payments)	$	4,948	$	5,011
Operating Lease - ROU assets	$	33,031	$	34,879
Operating Lease - Liabilities	$	33,031	$	34,879
Weighted Average Lease Term - Operating Leases		6.60 years		7.37 years
Weighted Average Discount Rate - Operating Leases		4.49%		4.49%

The following maturity analysis shows the undiscounted cash flows due on the Company’s operating lease liabilities:

	(Dollars in thousands)
2023	$	6,351
2024		6,006
2025		5,459
2026		4,903
2027		4,730
Thereafter		10,988
Total undiscounted cash flows		38,437
Discount on cash flows		(5,406)
Total lease liability	$	33,031