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Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases

Schedule of information pertaining to leases

​

​	​	​	​	​	​	​	​
​	​	Three Months Ended					​
​	​	March 31,					​
(Dollars in thousands)		2024			2023
Lease Cost Components:	​	​	​	​	​	​	​
Amortization of ROU assets – finance leases	​	$	117	​	$	117	​
Interest on lease liabilities – finance leases	​	​	9	​	​	11	​
Operating lease cost (cost resulting from lease payments)	​	​	4,277	​	​	4,240	​
Short-term lease cost	​	​	139	​	​	109	​
Variable lease cost (cost excluded from lease payments)	​		797	​		634	​
Total lease cost	​	$	5,339	​	$	5,111	​
Supplemental Cash Flow and Other Information Related to Leases:	​	​	​	​	​	​	​
Finance lease – operating cash flows	​	$	9	​	$	11	​
Finance lease – financing cash flows	​	​	119	​	​	110	​
Operating lease – operating cash flows (fixed payments)	​	​	4,193	​	​	4,097	​
Operating lease – operating cash flows (net change asset/liability)	​	​	(3,367)	​	​	(3,287)	​
New ROU assets – operating leases	​	​	2,544	​	​	—	​
New ROU assets – finance leases	​	​	—	​	​	—	​
Weighted – average remaining lease term (years) – finance leases	​	​	4.18	​	​	5.18	​
Weighted – average remaining lease term (years) – operating leases	​		9.09	​	​	9.88	​
Weighted – average discount rate - finance leases	​	​	1.7%	​	​	1.7%	​
Weighted – average discount rate - operating leases	​		3.2%	​		3.0%	​
​	​		​	​		​	​
Operating lease payments due:	​	​	​	​	​	​	​
2024 (excluding 3 months ended March 31, 2024)	​	$	12,323	​	​	​	​
2025	​		15,057	​	​	​	​
2026	​		14,594	​	​	​	​
2027	​		13,532	​	​	​	​
2028	​	​	12,891	​	​	​	​
Thereafter	​		57,389	​	​	​	​
Total undiscounted cash flows	​		125,786	​	​	​	​
Discount on cash flows	​	​	(18,051)	​	​	​	​
Total operating lease liabilities	​	$	107,735	​	​	​	​

Schedule of lease receivables and investment in operating leases and their corresponding balance sheet location

​

​	​	​	​	​	​
​	​	March 31,			​
(Dollars in thousands)		2024
Direct financing leases:	​	​	​	​	​
Lease receivables	​	$	14,161	​	​
Guaranteed residual values	​	​	1,057	​	​
Unguaranteed residual values	​	​	1,997	​	​
Initial direct costs	​	​	544	​	​
Unearned income	​		3,087	​	​
Total net investment in direct financing leases	​	$	20,846	​	​
Direct financing lease income	​	​	​	​	​
Interest income	​	$	163	​	​
​	​		​	​	​
Remaining lease payments receivable:	​	​	​	​	​
2024 (excluding 3 months ended March 31, 2024)	​	$	2,321	​	​
2025	​	​	3,094	​	​
2026	​	​	3,094	​	​
2027	​	​	3,107	​	​
2028	​	​	3,579	​	​
Thereafter	​	​	2,053	​	​
Total undiscounted cash flows	​	​	17,248	​	​
Less: unearned interest income	​	​	(3,087)	​	​
Total operating lease liabilities	​	$	14,161	​	​

X

- Definition

The tabular disclosure for lease receivables and investment in operating leases and their corresponding balance sheet location.

+ References

No definition available.

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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