Leases (Tables)

6 Months Ended

Jun. 30, 2022

The components of lease expense were as follows:


	Affected Line Item in the Statement of Income	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)		2022		2021		2022		2021
Operating lease cost	Occupancy/Equipment expense	$	8,558	$	3,092	$	13,666	$	6,393
Finance lease cost:
Amortization of right-of-use assets	Occupancy expense	648		810		1,323		1,121
Interest on lease liabilities	Interest expense	103		120		210		215

Sub-lease income	Occupancy expense	(174)		(135)		(302)		(278)
Total		$	9,135	$	3,887	$	14,897	$	7,451

Supplemental balance sheet information related to leases was as follows:


(dollars in thousands)	June 30, 2022			December 31, 2021
Operating Leases
Operating lease right-of-use assets	$	192,196		$	69,560
Operating lease liabilities	215,188			76,236

Finance Leases
Premises and equipment, net	15,017			16,451
Other borrowings	15,910			17,233

Weighted-Average Remaining Lease Term (in Years)
Operating leases	9.2			10.4
Finance leases	7.3			7.6

Weighted-Average Discount Rate
Operating leases	2.89		%	3.34		%
Finance leases	3.10		%	3.02		%

Supplemental cash flow information related to leases was as follows:


	Six Months Ended June 30,
(dollars in thousands)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	13,705	$	7,166
Operating cash flows from finance leases	210		215
Financing cash flows from finance leases	1,210		993

The following table presents a maturity analysis of the Company’s lease liability by lease classification at June 30, 2022:


(dollars in thousands)	Operating Leases		Finance Leases
2022	$	16,553	$	1,432
2023	30,296		2,892
2024	28,888		2,942
2025	27,581		2,952
2026	26,582		1,712
Thereafter	116,859		5,914
Total undiscounted lease payments	246,759		17,844
Amounts representing interest	(31,571)		(1,934)
Lease liability	$	215,188	$	15,910