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Lease Commitments
9 Months Ended
Sep. 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.
September 30,
2024
December 31,
2023
ROU asset on leased property, gross$38,506 $36,520 
Accumulated amortization(15,099)(12,293)
ROU asset, net (included in prepaid expenses and other assets in our consolidated balance sheets)$23,407 $24,227 
Lease liability (included in accrued expenses and other liabilities in our consolidated balance sheets)$25,377 $26,431 
Weighted Average Remaining Life - Operating Leases4.085.56
Weighted Average Rate - Operating Leases3.82 %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 September 30, 2024:
Remainder of 2024$7,445 
20255,741 
20263,806 
20273,271 
20282,646 
20294,159 
Thereafter116 
Total undiscounted operating lease liability27,184 
Imputed interest1,807 
Total operating lease liability included in the accompanying balance sheet$25,377 
Total lease expense for three months ended September 30, 2024 and 2023 was $1,857 and $1,888, respectively. Total lease expense for the nine months ended September 30, 2024 and 2023 was $5,695 and $5,633, respectively. The components of total lease expense for the periods ended September 30, 2024 was as follows:
For the three months ended
September 30,
For the nine months ended
 September 30,
2024202320242023
Operating leases$1,813 $1,887 $5,680 $5,642 
Short-term leases74 60 168 160 
Sublease income(30)(59)(153)(169)
Net lease expense$1,857 $1,888 $5,695 $5,633 
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.