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v3.23.3

Leases (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
(dollars in thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Operating lease cost | Occupancy/Equipment expense |  | $ | 7,462 |  |  | $ | 7,657 |  |  | $ | 23,569 |  |  | $ | 21,323 |
Finance lease cost: |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets | Occupancy expense |  | 742 |  |  | 680 |  |  | 2,170 |  |  | 2,003 |
Interest on lease liabilities | Interest expense |  | 183 |  |  | 105 |  |  | 536 |  |  | 315 |
Sub-lease income | Occupancy expense |  | (119) |  |  | (87) |  |  | (281) |  |  | (389) |
Total |  |  | $ | 8,268 |  |  | $ | 8,355 |  |  | $ | 25,994 |  |  | $ | 23,252 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases was as follows:
(dollars in thousands) | September 30, 2023 |  | December 31, 2022
Operating Leases |  |  |
Operating lease right-of-use assets | $ | 179,284 |  |  | $ | 189,714 |
Operating lease liabilities | 199,937 |  |  | 211,964 |
Finance Leases |  |  |
Premises and equipment, net | 20,571 |  |  | 10,799 |
Other borrowings | 21,595 |  |  | 13,469 |
Weighted-Average Remaining Lease Term (in Years) |  |  |
Operating leases | 8.5 |  | 9.1
Finance leases | 10.6 |  | 7.2
Weighted-Average Discount Rate |  |  |
Operating leases | 2.93 | % |  | 2.88 | %
Finance leases | 3.89 | % |  | 3.30 | %
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases was as follows:
| Nine Months Ended September 30,
(dollars in thousands) | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 23,766 |  |  | $ | 22,223 |
Operating cash flows from finance leases | 536 |  |  | 315 |
Financing cash flows from finance leases | 1,893 |  |  | 1,839 |
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 September 30, 2023:
(dollars in thousands) | Operating Leases |  | Finance Leases
2023 | $ | 7,959 |  |  | $ | 826 |
2024 | 31,183 |  |  | 3,357 |
2025 | 29,564 |  |  | 3,380 |
2026 | 28,622 |  |  | 2,154 |
2027 | 27,662 |  |  | 2,157 |
Thereafter | 102,282 |  |  | 14,809 |
Total undiscounted lease payments | 227,272 |  |  | 26,683 |
Amounts representing interest | (27,335) |  |  | (5,088) |
Lease liability | $ | 199,937 |  |  | $ | 21,595 |

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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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