Leases |
3 Months Ended |
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Mar. 31, 2023 | |
Leases [Abstract] | |
Leases | Note 28 – Leases The These contracts generally do 0.1 31.8 years 20 obtain substantially all of the economic benefits from The Corporation Consolidated Statements of Financial Condition under the caption of other assets and other liabilities, respectively. Refer to Note 13 and liabilities. The Corporation uses the since it and subsidiaries, a credit spread is added to this rate The following table presents the undiscounted March 31, 2023 (In thousands) Remaining 2023 2024 2025 2026 2027 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 22,345 $ 28,441 $ 25,514 $ 16,995 $ 11,769 $ 44,279 $ 149,343 $ (17,905) $ 131,438 Finance Leases 3,404 4,631 4,743 4,402 2,468 9,346 28,994 (3,265) 25,729 The following table presents the lease cost recognized Quarters ended March 31, (In thousands) 2023 2022 Finance lease cost: Amortization of ROU assets $ 824 $ 759 Interest on lease liabilities 296 308 Operating lease cost 7,854 7,627 Short-term lease cost 73 55 Variable lease cost 56 23 Sublease income (9) (9) Total lease cost [1] $ 9,094 $ 8,763 [1] Total lease cost The leases. Quarters ended March 31, (Dollars in thousands) 2023 2022 Cash paid for amounts included in the measurement of Operating cash flows from operating leases $ 7,754 $ 7,506 Operating cash flows from finance leases 296 308 Financing cash flows from finance leases 804 833 ROU assets obtained in exchange for new lease obligations: Operating leases $ 967 $ 1,553 Finance leases 1,796 - Weighted-average remaining lease term: Operating leases 7.3 years 7.6 years Finance leases 8.2 years 8.7 years Weighted-average discount rate: Operating leases 3.0 % 2.8 % Finance leases 4.1 % 4.4 % As of March 31, 2023, the Corporation has additional operating contract amount of $ 6.8 10 20 |