LEASES (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Summary of Leases

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Components of lease expense:
Operating lease cost (resulting from lease payments)	$	2,668	$	2,707	$	8,095	$	8,211
Supplemental cash flow information related to leases:
Operating cash flows from operating leases	$	2,862	$	2,866	$	8,612	$	8,698
ROU assets obtained in the exchange for lease liabilities due to:
New leases	$	—	$	—	$	703	$	—
Acquisitions	$	—	$	—	$	—	$	—
					September 30, 2023		December 31, 2022
Supplemental balance sheet information related to leases:
Operating lease ROU assets					$	41,535	$	48,910
Operating lease liabilities					$	49,510	$	57,402
Other information related to leases:
Weighted average remaining lease term of operating leases					5.7 years		8.6 years
Weighted average discount rate of operating leases					3.54%		3.02%

Maturities of Operating Lease Liabilities

At September 30, 2023, the maturities of the Company’s operating lease liabilities were as follows:

 

(In thousands)	Amount
Maturity:
Remaining 2023	$	2,858
2024	10,831
2025	9,821
2026	9,088
2027	7,682
Thereafter	14,711
Total undiscounted lease payments	54,991
Less: Present value discount	(5,481)
Lease liability	$	49,510