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Leases | 12 Months Ended
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Dec. 31, 2024
Leases |
Leases | 15. Leases ​ The Company has 32 operating leases for branches (including headquarters) and office spaces, three 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 two agreements in 2024 and five agreements in 2023 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 information related to leases was as follows: ​
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(Dollars in thousands) | ​ | December 31, 2024 | ​ | December 31, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease ROU assets | ​ | $ | 45,800 | ​ | $ | 39,557
​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease liabilities | ​ | $ | 46,443 | ​ | $ | 40,822
​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average remaining lease term-operating leases | ​ | ​ | 7.3 years | ​ | ​ | 6.1 years
Weighted average discount rate-operating leases | ​ | ​ | 4.0% | ​ | ​ | 3.2%
​ The components of lease expense and cash flow information related to leases were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | For the years ended December 31,
(In thousands) | ​ | Line Item Presented | ​ | 2024 | ​ | 2023 | ​ | 2022
Lease Cost | ​ | ​ | ​ |  |  | ​ |  |  | ​ |  |
Operating lease cost | ​ | Occupancy and equipment | ​ | $ | 9,100 | ​ | $ | 8,737 | ​ | $ | 8,510
Operating lease cost | ​ | Other operating expenses | ​ | ​ | 65 | ​ | ​ | 89 | ​ | ​ | 93
Short-term lease cost | ​ | Professional Services, Occupancy and equipment and Other operating expenses | ​ |  | 137 | ​ |  | 212 | ​ |  | 193
Variable lease cost | ​ | Occupancy and equipment | ​ |  | 1,247 | ​ |  | 1,128 | ​ |  | 999
Total lease cost | ​ | ​ | ​ | $ | 10,549 | ​ | $ | 10,166 | ​ | $ | 9,795
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other information | ​ | ​ | ​ |  | ​ | ​ |  |  | ​ |  |
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​ | ​ |  |  | ​ |  |
Operating cash flows from operating leases | ​ | ​ | ​ | $ | 9,835 | ​ | $ | 10,429 | ​ | $ | 9,459
Supplemental disclosure of non-cash activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Right-of-use assets obtained in exchange for new operating lease liabilities | ​ | $ | 13,806 | ​ | $ | 3,866 | ​ | $ | 1,208
​ ​ The Company’s minimum annual rental payments at December 31, 2024 for Bank facilities due under non-cancelable leases are as follows: ​
​ | ​ | ​ | ​
​ | ​ | Minimum Rental
​ | ​ | (In thousands)
Years ended December 31: | ​ | ​ | ​
2025 | ​ | $ | 8,895
2026 | ​ | ​ | 9,808
2027 | ​ | ​ | 6,158
2028 | ​ | ​ | 5,928
2029 | ​ | ​ | 4,627
Thereafter | ​ | ​ | 19,419
Total minimum payments required | ​ | ​ | 54,835
Less: implied interest | ​ | ​ | (8,392)
Total lease obligations | ​ | $ | 46,443
​

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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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