OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES

6 Months Ended

Mar. 31, 2023

Leases [Abstract]

OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES

OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES

Operating lease ROU assets, included in other assets, were $28.5 million and $31.8 million at March 31, 2023 and 2022, respectively.

Operating lease liabilities, included in accrued expenses and other liabilities, were $30.4 million and $33.6 million at March 31, 2023 and 2022, respectively.

Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at March 31, 2023 were as follows:

(Dollars in thousands)
Remaining in 2023	$	2,045
2024	3,913
2025	3,718
2026	3,195
2027	3,092
Thereafter	18,639
Total undiscounted future minimum lease payments	34,602
Discount	(4,169)
Total operating lease liabilities	$	30,433

The weighted-average discount rate and remaining lease term for operating leases at March 31, 2023 were as follows:

Weighted-average discount rate	2.36	%
Weighted-average remaining lease term (years)	9.98

The components of total lease costs for operating leases were as follows:

	Three Months Ended March 31,				Six Months Ended March 31,
(Dollars in thousands)	2023		2022		2023		2022
Lease expense	$	982	$	1,119	$	1,996	$	2,256
Short-term and variable lease cost	42		40		84		75
Sublease income	(339)		(355)		(672)		(531)
Total lease cost for operating leases	$	685	$	804	$	1,408	$	1,800