Leases (Tables)

6 Months Ended

Jun. 30, 2023

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

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		%

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

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