LEASES (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Summary of Leases

The following table provides information regarding the Company's leases as of the dates indicated:

	Three Months Ended March 31,
	2023		2022
Components of lease expense:
Operating lease cost (resulting from lease payments)	$	2,715	$	2,765
Supplemental cash flow information related to leases:
Operating cash flows from operating leases	$	2,889	$	2,939
ROU assets obtained in the exchange for lease liabilities due to:
New leases	$	703	$	—
Acquisitions	$	—	$	—
	March 31, 2023		December 31, 2022
Supplemental balance sheet information related to leases:
Operating lease ROU assets	$	52,749	$	48,910
Operating lease liabilities	$	61,067	$	57,402
Other information related to leases:
Weighted average remaining lease term of operating leases	8.5 years		8.6 years
Weighted average discount rate of operating leases	3.06%		3.02%

Maturities of Operating Lease Liabilities

At March 31, 2023, the maturities of the Company’s operating lease liabilities were as follows:

 

(In thousands)	Amount
Maturity:
Remaining 2023	$	8,604
2024	10,765
2025	9,086
2026	8,341
2027	6,945
Thereafter	26,845
Total undiscounted lease payments	70,586
Less: Present value discount	(9,519)
Lease liability	$	61,067