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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases  
Summary of supplemental balance sheet information related to leases

(Dollars in thousands)

June 30, 2023

December 31, 2022

Operating lease ROU asset

$

41,526

$

43,289

Operating lease liability

$

44,402

$

46,125

Weighted-average remaining lease term-operating leases

 

6.5 years

6.6 years

Weighted average discount rate-operating leases

 

3.2

%  

2.9

%  

Schedule of components of lease expense and cash flow information related to leases

For the three months ended

(In thousands)

Line Item Presented

June 30, 2023

June 30, 2022

Lease Cost

 

  

 

  

Operating lease cost

Occupancy and equipment

$

2,143

$

2,099

Operating lease cost

Other operating expenses

23

26

Short-term lease cost

Professional services, Occupancy and equipment and Other operating expenses

 

82

 

36

Variable lease cost

Occupancy and equipment

 

281

 

238

Total lease cost

$

2,529

$

2,399

Other information

 

  

Cash paid for amounts included in the measurement of lease liabilities

 

  

Operating cash flows from operating leases

$

2,261

$

2,343

Right-of-use assets obtained in exchange for new operating lease liabilities

$

1,198

$

For the six months ended

(In thousands)

Line Item Presented

June 30, 2023

June 30, 2022

Lease Cost

 

  

 

  

Operating lease cost

Occupancy and equipment

$

4,442

$

4,198

Operating lease cost

Other operating expenses

46

48

Short-term lease cost

Professional Services, Occupancy and equipment and Other operating expenses

 

138

 

97

Variable lease cost

Occupancy and equipment

 

523

 

438

Total lease cost

$

5,149

$

4,781

Other information

 

  

 

  

Cash paid for amounts included in the measurement of lease liabilities:

  

 

  

Operating cash flows from operating leases

$

4,655

$

4,769

Right-of-use assets obtained in exchange for new operating lease liabilities

$

2,044

$

47

Schedule of Minimum annual rental payments for Bank facilities due under non-cancelable leases

Minimum Rental

(In thousands)

Years ended December 31:

2023

$

5,218

2024

9,520

2025

8,850

2026

7,955

2027

3,865

Thereafter

13,689

Total minimum payments required

49,097

Less: implied interest

4,695

Total lease obligations

$

44,402