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Leases (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
(dollars in thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Operating lease cost | Occupancy/Equipment expense |  | $ | 8,258 |  |  | $ | 7,462 |  |  | $ | 24,352 |  |  | $ | 23,569 |
Finance lease cost: |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets | Occupancy expense |  | 2,188 |  |  | 742 |  |  | 4,427 |  |  | 2,170 |
Interest on lease liabilities | Interest expense |  | 318 |  |  | 183 |  |  | 752 |  |  | 536 |
Sub-lease income | Occupancy expense |  | (110) |  |  | (119) |  |  | (358) |  |  | (281) |
Total |  |  | $ | 10,654 |  |  | $ | 8,268 |  |  | $ | 29,173 |  |  | $ | 25,994 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases was as follows:
(dollars in thousands) | September 30, 2024 |  | December 31, 2023
Operating Leases |  |  |
Operating lease right-of-use assets | $ | 188,533 |  |  | $ | 185,506 |
Operating lease liabilities | 206,863 |  |  | 204,960 |
Finance Leases |  |  |
Premises and equipment, net | 32,096 |  |  | 19,820 |
Other borrowings | 33,598 |  |  | 20,955 |
Weighted-Average Remaining Lease Term (in Years) |  |  |
Operating leases | 8.0 |  | 8.5
Finance leases | 7.0 |  | 10.5
Weighted-Average Discount Rate |  |  |
Operating leases | 3.13 | % |  | 3.04 | %
Finance leases | 3.98 | % |  | 3.90 | %
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) | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 24,849 |  |  | $ | 23,766 |
Operating cash flows from finance leases | 752 |  |  | 536 |
Financing cash flows from finance leases | 4,061 |  |  | 1,893 |
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, 2024:
(dollars in thousands) | Operating Leases |  | Finance Leases
2024 | $ | 8,418 |  |  | $ | 2,432 |
2025 | 34,407 |  |  | 9,215 |
2026 | 33,720 |  |  | 6,477 |
2027 | 31,985 |  |  | 4,816 |
2028 | 28,028 |  |  | 3,210 |
Thereafter | 98,614 |  |  | 12,612 |
Total undiscounted lease payments | 235,172 |  |  | 38,762 |
Amounts representing interest | (28,309) |  |  | (5,164) |
Lease liability | $ | 206,863 |  |  | $ | 33,598 |

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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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