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Leases | 12 Months Ended
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Dec. 31, 2023
Leases |
Leases | 15. Leases ​ The Company has 31 operating leases for branches (including headquarters) and office spaces, 7 operating leases for vehicles, and one operating lease for equipment. Our leases have remaining lease terms ranging from less than six months to approximately 12 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 ROU assets or lease liabilities for leases with a term of less than 12 months from the commencement date. The Company has five agreements in 2023 and two agreements in 2022 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: ​
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(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%
​ The components of lease expense and cash flow information related to leases were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | 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
​ The Company’s minimum annual rental payments at December 31, 2023 for Bank facilities due under non-cancelable leases are as follows: ​
​ | ​ | ​ | ​
​ | ​ | 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
​

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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