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Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases

Schedule of information pertaining to leases


		Three Months Ended						Nine Months Ended
(Dollars in thousands)		September 30,						September 30,
		2023			2022			2023			2022
Lease Cost Components:
Amortization of ROU assets – finance leases		$	117		$	117		$	350		$	350
Interest on lease liabilities – finance leases			10			12			31			37
Operating lease cost (cost resulting from lease payments)			4,296			4,550			12,814			13,419
Short-term lease cost			104			218			318			592
Variable lease cost (cost excluded from lease payments)			852			615			2,327			1,813
Total lease cost		$	5,379		$	5,512		$	15,840		$	16,211
Supplemental Cash Flow and Other Information Related to Leases:
Finance lease – operating cash flows		$	10		$	12		$	31		$	37
Finance lease – financing cash flows			111			109			331			325
Operating lease – operating cash flows (fixed payments)			4,233			4,356			12,483			12,982
Operating lease – operating cash flows (net change asset/liability)			(3,400)			(3,466)			(10,008)			(10,313)
New ROU assets – operating leases			—			—			701			12,616
New ROU assets – finance leases			—			—			—			—
Weighted – average remaining lease term (years) – finance leases									4.68			5.67
Weighted – average remaining lease term (years) – operating leases									9.47			10.13
Weighted – average discount rate - finance leases									1.7%			1.7%
Weighted – average discount rate - operating leases									3.1%			3.0%

Operating lease payments due:
2023 (excluding 9 months ended September 30, 2023)								$	4,187
2024									15,799
2025									14,450
2026									14,058
2027									13,080
Thereafter									68,542
Total undiscounted cash flows									130,116
Discount on cash flows									(19,118)
Total operating lease liabilities								$	110,998