Leases (Tables)

12 Months Ended

Dec. 31, 2022

The components of lease expense were as follows:


	Affected Line Item in the Statement of Income	Years Ended December 31,
(dollars in thousands)		2022		2021		2020
Operating lease cost	Occupancy/Equipment expense	$	29,368	$	12,336	$	23,548
Finance lease cost:
Amortization of right-of-use assets	Occupancy expense	2,672		2,356		1,044
Interest on lease liabilities	Interest expense	415		431		364

Sub-lease income	Occupancy expense	(448)		(438)		(512)
Total		$	32,007	$	14,685	$	24,444

Supplemental balance sheet information related to leases was as follows:


	December 31,
(dollars in thousands)	2022			2021
Operating Leases
Operating lease right-of-use assets	$	189,714		$	69,560
Operating lease liabilities	211,964			76,236

Finance Leases
Premises and equipment, net	10,799			16,451
Other borrowings	13,469			17,233

Weighted-Average Remaining Lease Term (in Years)
Operating leases	9.1			10.4
Finance leases	7.2			7.6

Weighted-Average Discount Rate
Operating leases	2.88		%	3.34		%
Finance leases	3.30		%	3.02		%

Supplemental cash flow information related to leases was as follows:


	Years Ended December 31,
(dollars in thousands)	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	30,340	$	13,823	$	15,906
Operating cash flows from finance leases	415		431		364
Financing cash flows from finance leases	2,475		2,057		819

The following table presents a maturity analysis of the Company’s lease liability by lease classification at December 31, 2022:


(dollars in thousands)	Operating Leases		Finance Leases
2023	$	30,951	$	2,600
2024	29,939		2,643
2025	28,635		2,645
2026	27,639		1,400
2027	26,604		1,381
Thereafter	98,539		4,525
Total undiscounted lease payments	242,307		15,194
Amounts representing interest	(30,343)		(1,725)
Lease liability	$	211,964	$	13,469