Leases (Tables)

9 Months Ended

Sep. 30, 2022

The components of lease expense were as follows:


	Affected Line Item in the Statement of Income	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)		2022		2021		2022		2021
Operating lease cost	Occupancy/Equipment expense	$	7,657	$	2,995	$	21,323	$	9,388
Finance lease cost:
Amortization of right-of-use assets	Occupancy expense	680		593		2,003		1,714
Interest on lease liabilities	Interest expense	105		108		315		323

Sub-lease income	Occupancy expense	(87)		(142)		(389)		(420)
Total		$	8,355	$	3,554	$	23,252	$	11,005

Supplemental balance sheet information related to leases was as follows:


(dollars in thousands)	September 30, 2022			December 31, 2021
Operating Leases
Operating lease right-of-use assets	$	187,626		$	69,560
Operating lease liabilities	207,725			76,236

Finance Leases
Premises and equipment, net	14,756			16,451
Other borrowings	15,700			17,233

Weighted-Average Remaining Lease Term (in Years)
Operating leases	9.2			10.4
Finance leases	7.1			7.6

Weighted-Average Discount Rate
Operating leases	2.91		%	3.34		%
Finance leases	3.14		%	3.02		%

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended September 30,
(dollars in thousands)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	22,223	$	10,692
Operating cash flows from finance leases	315		323
Financing cash flows from finance leases	1,839		1,492

The following table presents a maturity analysis of the Company’s lease liability by lease classification at September 30, 2022:


(dollars in thousands)	Operating Leases		Finance Leases
2022	$	7,983	$	736
2023	30,128		2,968
2024	28,717		3,018
2025	27,407		3,029
2026	26,405		1,790
Thereafter	117,486		6,031
Total undiscounted lease payments	238,126		17,572
Amounts representing interest	(30,401)		(1,872)
Lease liability	$	207,725	$	15,700