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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases  
Summary of supplemental balance sheet information related to leases

(Dollars in thousands)

December 31, 2023

December 31, 2022

Operating lease ROU assets

$

39,557

$

43,289

Operating lease liabilities

$

40,822

$

46,125

Weighted-average remaining lease term-operating leases

6.1 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 year ended December 31,

(In thousands)

Line Item Presented

2023

2022

2021

Lease Cost

 

  

 

  

 

Operating lease cost

Occupancy and equipment

$

8,737

$

8,510

8,609

Operating lease cost

Other operating expenses

89

93

80

Short-term lease cost

Professional services, Occupancy and equipment and Other operating expenses

 

212

 

193

164

Variable lease cost

Occupancy and equipment

 

1,128

 

999

1,065

Total lease cost

$

10,166

$

9,795

$

9,918

 

 

Other information

 

  

 

  

 

 

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

  

 

  

 

 

Operating cash flows from operating leases

$

10,429

$

9,459

$

12,811

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

$

3,866

$

1,208

$

6,570

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

Minimum Rental

(In thousands)

Years ended December 31:

2024

$

9,065

2025

9,244

2026

8,363

2027

4,286

2028

4,035

Thereafter

10,109

Total minimum payments required

45,102

Less: implied interest

(4,280)

Total lease obligations

$

40,822