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Leases (Tables) | 3 Months Ended
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Mar. 31, 2024
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 March 31,
(dollars in thousands) |  |  |  |  |  | 2024 |  | 2023
Operating lease cost | Occupancy/Equipment expense |  |  |  |  |  | $ | 7,826 |  |  | $ | 8,638 |
Finance lease cost: |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets | Occupancy expense |  |  |  |  |  | 751 |  |  | 691 |
Interest on lease liabilities | Interest expense |  |  |  |  |  | 181 |  |  | 169 |
Sub-lease income | Occupancy expense |  |  |  |  |  | (125) |  |  | (60) |
Total |  |  |  |  |  |  | $ | 8,633 |  |  | $ | 9,438 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases was as follows:
(dollars in thousands) | March 31, 2024 |  | December 31, 2023
Operating Leases |  |  |
Operating lease right-of-use assets | $ | 189,593 |  |  | $ | 185,506 |
Operating lease liabilities | 208,868 |  |  | 204,960 |
Finance Leases |  |  |
Premises and equipment, net | 18,877 |  |  | 19,820 |
Other borrowings | 20,108 |  |  | 20,955 |
Weighted-Average Remaining Lease Term (in Years) |  |  |
Operating leases | 8.4 |  | 8.5
Finance leases | 10.3 |  | 10.5
Weighted-Average Discount Rate |  |  |
Operating leases | 3.05 | % |  | 3.04 | %
Finance leases | 3.91 | % |  | 3.90 | %
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases was as follows:
| Three Months Ended March 31,
(dollars in thousands) | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 8,005 |  |  | $ | 7,932 |
Operating cash flows from finance leases | 181 |  |  | 169 |
Financing cash flows from finance leases | 655 |  |  | 628 |
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 March 31, 2024:
(dollars in thousands) | Operating Leases |  | Finance Leases
2024 | $ | 23,964 |  |  | $ | 2,520 |
2025 | 32,022 |  |  | 3,377 |
2026 | 31,257 |  |  | 2,151 |
2027 | 30,266 |  |  | 2,152 |
2028 | 26,608 |  |  | 2,050 |
Thereafter | 94,333 |  |  | 12,451 |
Total undiscounted lease payments | 238,450 |  |  | 24,701 |
Amounts representing interest | (29,582) |  |  | (4,593) |
Lease liability | $ | 208,868 |  |  | $ | 20,108 |

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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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