Leases (Tables)

3 Months Ended

Mar. 31, 2025

The components of lease expense were as follows:


	Affected Line Item in the Statement of Income	Three Months Ended March 31,
(dollars in thousands)			2025		2024
Operating lease cost	Occupancy/Equipment expense		$	8,199	$	7,826
Finance lease cost:
Amortization of right-of-use assets	Occupancy expense		2,270		751
Interest on lease liabilities	Interest expense		229		181

Sub-lease income	Occupancy expense		(83)		(125)
Total			$	10,615	$	8,633

Supplemental balance sheet information related to leases was as follows:


(dollars in thousands)	March 31, 2025			December 31, 2024
Operating Leases
Operating lease right-of-use assets	$	176,826		$	181,920
Operating lease liabilities	194,529			200,068

Finance Leases
Premises and equipment, net	21,766			23,205
Other borrowings	23,440			24,822

Weighted-Average Remaining Lease Term (in Years)
Operating leases	7.7			7.8
Finance leases	8.3			7.8

Weighted-Average Discount Rate
Operating leases	3.15		%	3.14		%
Finance leases	4.03		%	3.96		%

Supplemental cash flow information related to leases was as follows:


	Three Months Ended March 31,
(dollars in thousands)	2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	8,645	$	8,005
Operating cash flows from finance leases	229		181
Financing cash flows from finance leases	2,213		655

The following table presents a maturity analysis of the Company’s lease liability by lease classification at March 31, 2025:


(dollars in thousands)	Operating Leases		Finance Leases
2025	$	25,902	$	6,796
2026	34,128		2,619
2027	32,398		2,656
2028	28,384		2,339
2029	26,073		1,498
Thereafter	73,146		11,979
Total undiscounted lease payments	220,031		27,887
Amounts representing interest	(25,502)		(4,447)
Lease liability	$	194,529	$	23,440