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

(Dollars in thousands)

September 30, 2023

December 31, 2022

Operating lease ROU asset

$

41,404

$

43,289

Operating lease liability

$

43,067

$

46,125

Weighted-average remaining lease term-operating leases

 

6.3 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

September 30, 2023

September 30, 2022

Lease Cost

 

  

 

  

Operating lease cost

Occupancy and equipment

$

2,142

$

2,100

Operating lease cost

Other operating expenses

23

23

Short-term lease cost

Professional services, Occupancy and equipment and Other operating expenses

 

39

 

36

Variable lease cost

Occupancy and equipment

 

262

 

275

Total lease cost

$

2,466

$

2,434

Other information

 

  

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

 

  

Operating cash flows from operating leases

$

3,387

$

2,342

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

$

1,757

$

For the nine months ended

(In thousands)

Line Item Presented

September 30, 2023

September 30, 2022

Lease Cost

 

  

 

  

Operating lease cost

Occupancy and equipment

$

6,584

$

6,299

Operating lease cost

Other operating expenses

69

71

Short-term lease cost

Professional Services, Occupancy and equipment and Other operating expenses

 

177

 

132

Variable lease cost

Occupancy and equipment

 

785

 

713

Total lease cost

$

7,615

$

7,215

Other information

 

  

 

  

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

  

 

  

Operating cash flows from operating leases

$

8,042

$

7,111

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

$

3,801

$

47

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

Minimum Rental

(In thousands)

Years ended December 31:

2023

$

1,794

2024

9,863

2025

9,244

2026

8,363

2027

4,286

Thereafter

14,143

Total minimum payments required

47,693

Less: implied interest

4,626

Total lease obligations

$

43,067