Leases (Tables)

12 Months Ended

Dec. 31, 2024

The components of lease expense were as follows:


	Affected Line Item in the Statement of Income	Years Ended December 31,
(dollars in thousands)		2024		2023		2022
Operating lease cost	Occupancy/Equipment expense	$	32,603	$	31,175	$	29,368
Finance lease cost:
Amortization of right-of-use assets	Occupancy expense	6,688		2,921		2,672
Interest on lease liabilities	Interest expense	1,039		722		415

Sub-lease income	Occupancy expense	(446)		(387)		(448)
Total		$	39,884	$	34,431	$	32,007

Supplemental balance sheet information related to leases was as follows:


	December 31,
(dollars in thousands)	2024			2023
Operating Leases
Operating lease right-of-use assets	$	181,920		$	185,506
Operating lease liabilities	200,068			204,960

Finance Leases
Premises and equipment, net	23,205			19,820
Other borrowings	24,822			20,955

Weighted-Average Remaining Lease Term (in Years)
Operating leases	7.8			8.5
Finance leases	7.8			10.5

Weighted-Average Discount Rate
Operating leases	3.14		%	3.04		%
Finance leases	3.96		%	3.90		%

Supplemental cash flow information related to leases was as follows:


	Years Ended December 31,
(dollars in thousands)	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	33,281	$	31,720	$	30,340
Operating cash flows from finance leases	1,039		722		415
Financing cash flows from finance leases	6,206		2,533		2,475

The following table presents a maturity analysis of the Company’s lease liability by lease classification at December 31, 2024:


(dollars in thousands)	Operating Leases		Finance Leases
2025	$	34,463	$	9,215
2026	33,770		2,579
2027	32,025		2,581
2028	27,999		2,264
2029	25,712		1,421
Thereafter	72,906		11,030
Total undiscounted lease payments	226,875		29,090
Amounts representing interest	(26,807)		(4,268)
Lease liability	$	200,068	$	24,822