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Lease Commitments (Tables)
12 Months Ended
Dec. 31, 2022
Lease Commitments  
Schedule of information pertaining to operating leases

(Dollars in thousands)

Year Ended December 31,

 

 

2022

    

2021

    

2020

 

Lease Cost Components:

Amortization of ROU assets - finance leases

$

466

$

466

$

289

Interest on lease liabilities - finance leases

49

56

44

Operating lease cost (cost resulting from lease payments)

17,782

17,236

14,266

Short-term lease cost

820

446

404

Variable lease cost (cost excluded from lease payments)

 

2,399

 

2,768

 

1,081

Total lease cost

$

21,516

$

20,972

$

16,084

Supplemental Cash Flow and Other Information Related to Leases:

Finance lease - operating cash flows

$

49

$

56

$

42

Finance lease - financing cash flows

434

427

255

Operating lease - operating cash flows (fixed payments)

 

17,253

 

16,435

 

12,876

Operating lease - operating cash flows (net change asset/liability)

(13,723)

(12,790)

(9,123)

New ROU assets - operating leases

12,635

9,623

43,583

New ROU assets - finance leases

5,374

Weighted - average remaining lease term (years) - finance leases

5.42

6.41

7.40

Weighted - average remaining lease term (years) - operating leases

 

10.03

 

10.95

 

11.51

Weighted - average discount rate - finance leases

1.7%

1.7%

1.7%

Weighted - average discount rate - operating leases

 

3.0%

 

3.2%

 

3.3%

Operating lease payments due:

2023

$

16,280

 

2024

 

14,909

 

2025

 

13,546

 

2026

 

13,135

 

2027

12,172

Thereafter

 

66,551

Total undiscounted cash flows

 

136,593

Discount on cash flows

(20,983)

Total operating lease liabilities

$

115,610