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Leases (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
(dollars in thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Operating lease cost | Occupancy/Equipment expense |  | $ | 8,268 |  |  | $ | 7,469 |  |  | $ | 16,094 |  |  | $ | 16,107 |
Finance lease cost: |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets | Occupancy expense |  | 1,488 |  |  | 737 |  |  | 2,239 |  |  | 1,428 |
Interest on lease liabilities | Interest expense |  | 253 |  |  | 184 |  |  | 434 |  |  | 353 |
Sub-lease income | Occupancy expense |  | (123) |  |  | (102) |  |  | (248) |  |  | (162) |
Total |  |  | $ | 9,886 |  |  | $ | 8,288 |  |  | $ | 18,519 |  |  | $ | 17,726 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases was as follows:
(dollars in thousands) | June 30, 2024 |  | December 31, 2023
Operating Leases |  |  |
Operating lease right-of-use assets | $ | 194,591 |  |  | $ | 185,506 |
Operating lease liabilities | 213,119 |  |  | 204,960 |
Finance Leases |  |  |
Premises and equipment, net | 32,759 |  |  | 19,820 |
Other borrowings | 34,114 |  |  | 20,955 |
Weighted-Average Remaining Lease Term (in Years) |  |  |
Operating leases | 8.2 |  | 8.5
Finance leases | 7.2 |  | 10.5
Weighted-Average Discount Rate |  |  |
Operating leases | 3.12 | % |  | 3.04 | %
Finance leases | 3.97 | % |  | 3.90 | %
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) | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 16,439 |  |  | $ | 15,752 |
Operating cash flows from finance leases | 434 |  |  | 353 |
Financing cash flows from finance leases | 2,020 |  |  | 1,265 |
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, 2024:
(dollars in thousands) | Operating Leases |  | Finance Leases
2024 | $ | 16,861 |  |  | $ | 4,649 |
2025 | 34,330 |  |  | 8,787 |
2026 | 33,583 |  |  | 6,048 |
2027 | 31,857 |  |  | 4,388 |
2028 | 27,940 |  |  | 2,996 |
Thereafter | 98,385 |  |  | 12,611 |
Total undiscounted lease payments | 242,956 |  |  | 39,479 |
Amounts representing interest | (29,837) |  |  | (5,365) |
Lease liability | $ | 213,119 |  |  | $ | 34,114 |

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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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