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v3.23.2

Leases (Tables) | 6 Months Ended
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Jun. 30, 2023
Leases [Abstract] |
Schedule of Components of Lease Expense | 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) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Operating lease cost | Occupancy/Equipment expense |  | $ | 7,469 |  |  | $ | 8,558 |  |  | $ | 16,107 |  |  | $ | 13,666 |
Finance lease cost: |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets | Occupancy expense |  | 737 |  |  | 648 |  |  | 1,428 |  |  | 1,323 |
Interest on lease liabilities | Interest expense |  | 184 |  |  | 103 |  |  | 353 |  |  | 210 |
Sub-lease income | Occupancy expense |  | (102) |  |  | (174) |  |  | (162) |  |  | (302) |
Total |  |  | $ | 8,288 |  |  | $ | 9,135 |  |  | $ | 17,726 |  |  | $ | 14,897 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases was as follows:
(dollars in thousands) | June 30, 2023 |  | December 31, 2022
Operating Leases |  |  |
Operating lease right-of-use assets | $ | 184,700 |  |  | $ | 189,714 |
Operating lease liabilities | 206,178 |  |  | 211,964 |
Finance Leases |  |  |
Premises and equipment, net | 20,435 |  |  | 10,799 |
Other borrowings | 21,346 |  |  | 13,469 |
Weighted-Average Remaining Lease Term (in Years) |  |  |
Operating leases | 8.7 |  | 9.1
Finance leases | 10.5 |  | 7.2
Weighted-Average Discount Rate |  |  |
Operating leases | 2.92 | % |  | 2.88 | %
Finance leases | 3.84 | % |  | 3.30 | %
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases was as follows:
| Six Months Ended June 30,
(dollars in thousands) | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 15,752 |  |  | $ | 13,705 |
Operating cash flows from finance leases | 353 |  |  | 210 |
Financing cash flows from finance leases | 1,265 |  |  | 1,210 |
Schedule of Maturity Analysis of Lease Liability by Lease Classification | The following table presents a maturity analysis of the Company’s lease liability by lease classification at June 30, 2023:
(dollars in thousands) | Operating Leases |  | Finance Leases
2023 | $ | 15,993 |  |  | $ | 1,611 |
2024 | 31,241 |  |  | 3,278 |
2025 | 29,621 |  |  | 3,301 |
2026 | 28,575 |  |  | 2,075 |
2027 | 27,604 |  |  | 2,079 |
Thereafter | 101,741 |  |  | 13,964 |
Total undiscounted lease payments | 234,775 |  |  | 26,308 |
Amounts representing interest | (28,597) |  |  | (4,962) |
Lease liability | $ | 206,178 |  |  | $ | 21,346 |

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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 + Details
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