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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases  
Summary of supplemental balance sheet information related to leases

(Dollars in thousands)

September 30, 2024

December 31, 2023

Operating lease ROU asset

$

44,787

$

39,557

Operating lease liability

$

45,437

$

40,822

Weighted-average remaining lease term-operating leases

 

7.3 years

6.1 years

Weighted average discount rate-operating leases

 

3.9

%  

3.2

%  

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

For the three months ended September 30,

(In thousands)

Line Item Presented

2024

2023

Lease Cost

 

  

 

  

Operating lease cost

Occupancy and equipment

$

2,235

$

2,142

Operating lease cost

Other operating expenses

16

23

Short-term lease cost

Professional services and other operating expenses

 

40

 

39

Variable lease cost

Occupancy and equipment

 

325

 

262

Total lease cost

$

2,616

$

2,466

Other information

 

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

 

Operating cash flows from operating leases

$

2,461

$

3,387

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

$

$

1,757

For the nine months ended September 30,

(In thousands)

Line Item Presented

2024

2023

Lease Cost

 

  

 

  

Operating lease cost

Occupancy and equipment

$

6,693

$

6,584

Operating lease cost

Other operating expenses

53

69

Short-term lease cost

Professional Services, Occupancy and equipment and Other operating expenses

 

121

 

177

Variable lease cost

Occupancy and equipment

 

918

 

785

Total lease cost

$

7,785

$

7,615

Other information

 

  

 

  

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

  

 

  

Operating cash flows from operating leases

$

7,370

$

8,042

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

$

10,894

$

3,801

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

Minimum Rental

(In thousands)

Years ended December 31:

2024

$

1,616

2025

9,529

2026

9,438

2027

5,776

2028

5,534

Thereafter

21,413

Total minimum payments required

53,306

Less: implied interest

(7,869)

Total lease obligations

$

45,437