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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Activity Related to the Company's Leases The following is a summary of lease right-of-use assets and lease liabilities related to operating leases as of December 31, 2022 and 2021:
December 31,
20222021
(in thousands)
Operating lease right-of-use assets$24,933 $20,496 
Operating lease liabilities$27,943 $24,331 
Activity related to the Company’s leases for the years ended December 31, 2022, 2021 and 2020 is as follows:
Year Ended
December 31,
202220212020
(in thousands)
Operating lease expense included as a component of occupancy expense on the accompanying consolidated statements of income$10,842 $10,624 $10,439 
Cash paid for amounts included in the measurement of operating lease liability$11,940 $11,736 $12,060 
At December 31, 2022 and 2021, the weighted average borrowing rate and weighted average remaining lease term are as follows:
December 31,
20222021
Weighted average borrowing rate2.9 %2.8 %
Weighted average remaining lease term (years)3.34.4
Schedule of Maturity of Lease Liabilities and Future Minimum Lease Payments
The following table presents the future minimum lease payments and the maturity of lease liabilities as of December 31, 2022:
Amount
(in thousands)
2023$11,913 
20248,124 
20253,508 
20262,833 
20272,841 
Thereafter152 
Total future lease payments29,371 
Less imputed interest(1,428)
Lease liability$27,943