LEASES (Tables)

12 Months Ended

Dec. 31, 2023

LEASES

Summary of maturities of operating lease liabilities

The following table presents the Company’s remaining maturities of undiscounted lease payments, as well as a reconciliation to the discounted operating lease liabilities in the Consolidated Statements of Financial Condition at December 31, 2023:

(In thousands)
2024	$	13,009
2025		12,833
2026		12,173
2027		10,322
2028		4,297
Thereafter		6,260
Total undiscounted lease payments		58,894
Less amounts representing interest		(3,440)
Operating lease liabilities	$	55,454

Summary of other information related to operating leases

	Year Ended December 31,
(In thousands)	2023		2022		2021
Operating lease cost	$	12,801	$	11,428	$	14,341
Cash paid for amounts included in the measurement of operating lease liabilities		12,560		10,574		13,975

	Year Ended December 31,
	2023		2022
Weighted average remaining lease term	5.0	years	5.9	years
Weighted average discount rate	2.34	%	2.03	%