Leases Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Summary of lease cost

The following ROU assets and lease liabilities have been reported within other assets and other liabilities on the consolidated statements of condition as of the dates indicated:

		December 31,
		2022						2021
(In thousands)	Consolidated Statements of Condition Line Item	Operating Leases		Finance Leases		Total		Operating Leases		Finance Leases		Total
ROU assets	Other Assets	$	12,324	$	4,485	$	16,809	$	12,660	$	4,719	$	17,379
Lease liabilities	Other Liabilities	10,718		4,616		15,334		10,981		4,776		15,757

    In accordance with ASC 842, the components of lease expense for the periods indicated were as follows:

	For the Year Ended December 31,
(In thousands)	2022		2021		2020
Operating lease cost(1)	$	1,488	$	1,474	$	1,663
Finance lease cost:
Amortization of ROU assets	233		233		223
Interest on lease liabilities(2)	150		154		151
Total finance lease cost	383		387		374
Total lease cost(3)	$	1,871	$	1,861	$	2,037

(1)    Includes immaterial short-term and variable lease costs, but excludes common area maintenance costs.

(2)    Includes immaterial variable lease costs.

(3)    Reported within net occupancy costs on the consolidated statements of income.

Supplemental Cash Flow And Balance Sheet Information

Supplemental cash flow information and non-cash activity related to leases was as follows for the periods indicated:

	For the Year Ended December 31,
(In thousands)	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,391	$	1,355	$	1,434
Operating cash flows from finance leases	149		154		151
Financing cash flows from finance leases	160		152		142
ROU assets obtained in exchange for new lease obligations:
Operating leases	$	764	$	106	$	2,002
Finance leases	—		—		3,668

Supplemental information related to leases was as follows as of the dates indicated:

	December 31,
	2022		2021
Weighted average remaining lease term:
Operating leases	13.9 years		14.8 years
Finance leases	25.8 years		26.4 years
Weighted average discount rate:
Operating leases	3.44	%	3.40	%
Finance leases	3.44	%	3.44	%

Schedule of operating lease liability maturity

The following summarizes the remaining scheduled future minimum lease payments for operating and finance leases as of December 31, 2022:

(In thousands)	Operating Leases		Finance Leases
2023	$	1,380	$	311
2024	1,302		314
2025	1,077		317
2026	1,008		236
2027	977		211
Thereafter	7,754		5,733
Total minimum lease payments	13,498		7,122
Less: amount representing interest(1)	2,780		2,506
Present value of net minimum lease payments(2)	$	10,718	$	4,616

(1)     Amount necessary to reduce net minimum lease payments to present value calculated at the Company's incremental borrowing rate.

(2)     Reflects the liability reported within other liabilities on the consolidated statements of condition.

Schedule of finance lease liability maturity

The following summarizes the remaining scheduled future minimum lease payments for operating and finance leases as of December 31, 2022:

(In thousands)	Operating Leases		Finance Leases
2023	$	1,380	$	311
2024	1,302		314
2025	1,077		317
2026	1,008		236
2027	977		211
Thereafter	7,754		5,733
Total minimum lease payments	13,498		7,122
Less: amount representing interest(1)	2,780		2,506
Present value of net minimum lease payments(2)	$	10,718	$	4,616

(1)     Amount necessary to reduce net minimum lease payments to present value calculated at the Company's incremental borrowing rate.

(2)     Reflects the liability reported within other liabilities on the consolidated statements of condition.