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Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases

Schedule of information pertaining to leases


		Three Months Ended						Six Months Ended
(Dollars in thousands)		June 30,						June 30,
		2023			2022			2023			2022
Lease Cost Components:
Amortization of ROU assets – finance leases		$	117		$	117		$	233		$	233
Interest on lease liabilities – finance leases			10			12			21			25
Operating lease cost (cost resulting from lease payments)			4,278			4,536			8,518			8,869
Short-term lease cost			109			231			215			374
Variable lease cost (cost excluded from lease payments)			840			761			1,475			1,198
Total lease cost		$	5,354		$	5,657		$	10,462		$	10,699
Supplemental Cash Flow and Other Information Related to Leases:
Finance lease – operating cash flows		$	10		$	12		$	21		$	25
Finance lease – financing cash flows			110			108			220			216
Operating lease – operating cash flows (fixed payments)			4,154			4,444			8,250			8,626
Operating lease – operating cash flows (net change asset/liability)			(3,321)			(3,545)			(6,608)			(6,848)
New ROU assets – operating leases			701			188			701			12,616
New ROU assets – finance leases			—			—			—			—
Weighted – average remaining lease term (years) – finance leases									4.93			5.92
Weighted – average remaining lease term (years) – operating leases									9.63			10.11
Weighted – average discount rate - finance leases									1.7%			1.7%
Weighted – average discount rate - operating leases									3.0%			3.0%

Operating lease payments due:
2023 (excluding the quarter ended June 30, 2023)								$	8,411
2024									15,784
2025									14,435
2026									14,062
2027									13,122
Thereafter									68,760
Total undiscounted cash flows									134,574
Discount on cash flows									(20,014)
Total operating lease liabilities								$	114,560