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Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases  
Summary of supplemental balance sheet information related to leases

(Dollars in thousands)

March 31, 2024

December 31, 2023

Operating lease ROU asset

$

37,631

$

39,557

Operating lease liability

$

38,674

$

40,822

Weighted-average remaining lease term-operating leases

 

6.0 years

6.1 years

Weighted average discount rate-operating leases

 

3.2

%  

3.2

%  

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

For the three months ended

(In thousands)

Line Item Presented

March 31, 2024

March 31, 2023

Lease Cost

 

  

 

  

Operating lease cost

Occupancy and equipment

$

2,236

$

2,299

Operating lease cost

Other operating expenses

19

23

Short-term lease cost

Professional services and other operating expenses

 

42

 

56

Variable lease cost

Occupancy and equipment

 

270

 

281

Total lease cost

$

2,567

$

2,659

Other information

 

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

 

Operating cash flows from operating leases

$

2,452

$

2,394

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

$

$

846

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

Minimum Rental

(In thousands)

Years ended December 31:

2024

$

6,587

2025

9,244

2026

8,363

2027

4,286

2028

4,035

Thereafter

10,109

Total minimum payments required

42,624

Less: implied interest

(3,950)

Total lease obligations

$

38,674