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Leases | 6 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Leases | ​ ​ 7. Leases The Company has 28 operating leases for branches (including headquarters) and office spaces, 10 operating leases for vehicles, and one operating lease for equipment. Our leases have remaining lease terms ranging from six month s to approximately 14 years, none of which has a renewal option reasonably certain of exercise, which has been reflected in the Company’s calculation of lease term. ​ The Company has elected the short-term lease recognition exemption such that the Company will not recognize Right of Use (“ROU”) assets or lease liabilities for leases with a term of less than 12 months from the commencement date. The Company has two agreements in 2022 and one agreement in 2021 that qualified as short-term leases. Certain leases have escalation clauses for operating expenses and real estate taxes. The Company’s non-cancelable operating lease agreements expire through 2036. ​ Supplemental balance sheet information related to leases was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) | ​ | June 30, 2022 | ​ | December 31, 2021 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease ROU asset | ​ | $ | 46,687 | ​ | $ | 50,200 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease liability | ​ | $ | 50,346 | ​ | $ | 54,155 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average remaining lease term-operating leases | ​ |  | 7.0 years | ​ | ​ | 7.4 years | ​
Weighted average discount rate-operating leases | ​ |  | 3.1 | % | ​ | 3.1 | %
​ ​ The components of lease expense and cash flow information related to leases were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | For the three months ended
(Dollars in thousands) | ​ | Line Item Presented | ​ | June 30, 2022 | ​ | June 30, 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease Cost | ​ | ​ | ​ |  |  | ​ |  |
Operating lease cost | ​ | Occupancy and equipment | ​ | $ | 2,099 | ​ | $ | 2,224
Operating lease cost | ​ | Other operating expenses | ​ | ​ | 26 | ​ | ​ | 20
Short-term lease cost | ​ | Professional Services and Other operating expenses | ​ |  | 36 | ​ |  | 60
Variable lease cost | ​ | Occupancy and equipment | ​ |  | 238 | ​ |  | 298
Total lease cost | ​ | ​ | ​ | $ | 2,399 | ​ | $ | 2,602
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other information | ​ | ​ | ​ |  |  | ​ |  |
Cash paid for amounts included in the measurement of lease liabilities | ​ | ​ | ​ |  |  | ​ |  |
Operating cash flows from operating leases | ​ | ​ | ​ | $ | 2,343 | ​ | $ | 4,769
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | For the six months ended
(Dollars in thousands) | ​ | Line Item Presented | ​ | June 30, 2022 | ​ | June 30, 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease Cost | ​ | ​ | ​ |  |  | ​ |  |
Operating lease cost | ​ | Occupancy and equipment | ​ | $ | 4,198 | ​ | $ | 4,306
Operating lease cost | ​ | Other operating expenses | ​ | ​ | 48 | ​ | ​ | 42
Short-term lease cost | ​ | Professional Services and Other operating expenses | ​ |  | 97 | ​ |  | 95
Variable lease cost | ​ | Occupancy and equipment | ​ |  | 438 | ​ |  | 596
Total lease cost | ​ | ​ | ​ | $ | 4,781 | ​ | $ | 5,039
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other information | ​ | ​ | ​ |  |  | ​ |  |
Cash paid for amounts included in the measurement of lease liabilities | ​ | ​ | ​ |  |  | ​ |  |
Operating cash flows from operating leases | ​ | ​ | ​ | $ | 4,769 | ​ | $ | 8,048
Right-of-use assets obtained in exchange for new operating lease liabilities | ​ | ​ | ​ | $ | 47 | ​ | $ | —
​ The Company’s minimum annual rental payments for Bank facilities due under non-cancelable leases are as follows as of June 30, 2022: ​
​ | ​ | ​ | ​
​ | ​ | Minimum Rental
​ | ​ | (In thousands)
Years ended December 31: | ​ | ​ | ​
2022 | ​ | $ | 4,485
2023 | ​ | ​ | 9,502
2024 | ​ | ​ | 9,336
2025 | ​ | ​ | 8,662
2026 | ​ | ​ | 7,769
Thereafter | ​ | ​ | 16,277
Total minimum payments required | ​ | ​ | 56,031
Less: implied interest | ​ | ​ | 5,685
Total lease obligations | ​ | $ | 50,346
​

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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