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Leases | 3 Months Ended
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Mar. 31, 2023
Leases |
Leases | 7. Leases The Company has 31 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 three months to approximately 13 years, none of which has a renewal option reasonably certain of exercise, which has been reflected in the Company’s calculation of the 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 three 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 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) | ​ | March 31, 2023 | ​ | December 31, 2022 | ​
Operating lease ROU asset | ​ | $ | 42,268 | ​ | $ | 43,289 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease liability | ​ | $ | 45,353 | ​ | $ | 46,125 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average remaining lease term-operating leases | ​ |  | 6.6 years | ​ | ​ | 6.6 years | ​
Weighted average discount rate-operating leases | ​ |  | 3.1 | % | ​ | 2.9 | %
​ ​ 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 | ​ | March 31, 2023 | ​ | March 31, 2022 | ​
Lease Cost | ​ | ​ | ​ |  |  | ​ |  |  | ​
Operating lease cost | ​ | Occupancy and equipment | ​ | $ | 2,299 | ​ | $ | 2,097 | ​
Operating lease cost | ​ | Other operating expenses | ​ | ​ | 23 | ​ | ​ | 24 | ​
Short-term lease cost | ​ | Professional services and occupancy and equipment | ​ |  | 56 | ​ |  | 61 | ​
Variable lease cost | ​ | Occupancy and equipment | ​ |  | 281 | ​ |  | 200 | ​
Total lease cost | ​ | ​ | ​ | $ | 2,659 | ​ | $ | 2,382 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other information | ​ | ​ | ​ |  |  | ​ |  |  | ​
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​ | ​ |  |  | ​
Operating cash flows from operating leases | ​ | ​ | ​ | $ | 2,394 | ​ | $ | 2,426 | ​
Right-of-use assets obtained in exchange for new operating lease liabilities | ​ | $ | 846 | ​ | $ | 47 | ​
​ The Company’s minimum annual rental payments for Bank facilities due under non-cancelable leases are as follows as of March 31, 2023: ​
​ | ​ | ​ | ​
​ | ​ | Minimum Rental
​ | ​ | (In thousands)
Years ended December 31: | ​ | ​ | ​
2023 | ​ | $ | 7,636
2024 | ​ | ​ | 9,379
2025 | ​ | ​ | 8,705
2026 | ​ | ​ | 7,806
2027 | ​ | ​ | 3,711
Thereafter | ​ | ​ | 12,814
Total minimum payments required | ​ | ​ | 50,051
Less: implied interest | ​ | ​ | 4,698
Total lease obligations | ​ | $ | 45,353
​

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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 https://asc.fasb.org/subtopic&trid=77888251 + Details
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