Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

	March 31,			December 31,
	2024			2023
	(Dollars in thousands)
Operating lease ROU assets	$	31,021		$	31,272
Operating lease liabilities		32,486			32,684
Weighted-average remaining lease term-operating leases	12.4 years			12.6 years
Weighted average discount rate-operating leases		4.9	%		4.9	%

Summary of Lease Expense and Cash Flow Information Related to Leases

The components of lease expense and cash flow information related to leases were as follows:

		For the Three Months Ended
		March 31,
		2024		2023
		(Dollars in thousands)
Lease Cost
Operating lease cost	Occupancy and equipment	$	1,026	$	1,015
Operating lease cost	Other operating expenses		3		4
Short-term lease cost	Other operating expenses		5		6
Variable lease cost	Occupancy and equipment		39		31
Total lease cost		$	1,073	$	1,056

Summary of Minimum Annual Rental Payments under Terms of Leases

The Company’s minimum annual rental payments under the terms of the leases are as follows at March 31, 2024:

	Minimum Rental
Years ended December 31:	(in thousands)
Remainder of 2024	$	2,912
2025		3,818
2026		3,668
2027		3,537
2028		3,594
Thereafter		25,474
Total Minimum payments required		43,003
Less: implied interest		10,517
Present value of lease liabilities	$	32,486