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Lease Commitments
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Lease Commitments Lease Commitments
Our leases relate primarily to office space and bank branches with remaining lease terms of generally 1 to 15 years. Certain lease arrangements contain extension options which typically range from 5 to 10 years at the then fair market rental rates. As these extension options are not generally considered reasonably certain of exercise, they are not included in the lease term.
June 30,
2024
December 31,
2023
ROU asset on leased property, gross$37,515 $36,520 
Accumulated amortization(14,155)(12,293)
ROU asset, net (included in prepaid expenses and other assets in our consolidated balance sheets)$23,360 $24,227 
Lease liability (included in accrued expenses and other liabilities in our consolidated balance sheets)$25,556 $26,431 
Weighted Average Remaining Life - Operating Leases5.255.56
Weighted Average Rate - Operating Leases2.36 %2.10 %
The following table reconciles future undiscounted lease payments due under non-cancelable operating leases to the aggregate operating lessee lease liability as of June 30, 2024:
Remainder of 2024$7,607 
20255,857 
20263,910 
20272,963 
20282,512 
20294,135 
Thereafter228 
Total undiscounted operating lease liability27,212 
Imputed interest1,656 
Total operating lease liability included in the accompanying balance sheet$25,556 
Total lease expense for three months ended June 30, 2024 and 2023 was $1,914 and $1,847, respectively. Total lease expense for the six months ended June 30, 2024 and 2023 was $3,838 and $3,745, respectively. The components of total lease expense for the periods ended June 30, 2024 was as follows:
For the three months ended June 30,
For the six months ended
 June 30,
2024202320242023
Operating leases$1,945 $1,886 $3,867 $3,755 
Short-term leases47 54 94 100 
Sublease income(78)(93)(123)(110)
Net lease expense$1,914 $1,847 $3,838 $3,745 
We do not currently have any significant finance leases in which we are the lessee, material related-party leases, leases containing residual value guarantees or restrictive covenants.