Leases (Tables)

9 Months Ended

Sep. 30, 2025

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)		2025		2024		2025		2024
Operating lease cost	Occupancy/Equipment expense	$	9,510	$	8,258	$	26,669	$	24,352
Finance lease cost:
Amortization of right-of-use assets	Occupancy expense	2,297		2,188		6,843		4,427
Interest on lease liabilities	Interest expense	219		318		660		752

Sub-lease income	Occupancy expense	(73)		(110)		(262)		(358)
Total		$	11,953	$	10,654	$	33,910	$	29,173

Supplemental balance sheet information related to leases was as follows:


(dollars in thousands)	September 30, 2025			December 31, 2024
Operating Leases
Operating lease right-of-use assets	$	215,262		$	181,920
Operating lease liabilities	233,080			200,068

Finance Leases
Premises and equipment, net	23,640			23,205
Other borrowings	25,410			24,822

Weighted-Average Remaining Lease Term (in Years)
Operating leases	8.8			7.8
Finance leases	7.3			7.8

Weighted-Average Discount Rate
Operating leases	3.71		%	3.14		%
Finance leases	4.04		%	3.96		%

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended September 30,
(dollars in thousands)	2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	27,825	$	24,849
Operating cash flows from finance leases	660		752
Financing cash flows from finance leases	6,690		4,061

The following table presents a maturity analysis of the Company’s lease liability by lease classification at September 30, 2025:


(dollars in thousands)	Operating Leases		Finance Leases
2025	$	9,947	$	2,459
2026	39,482		8,662
2027	37,966		2,656
2028	34,016		2,339
2029	31,409		1,498
Thereafter	123,256		11,980
Total undiscounted lease payments	276,076		29,594
Amounts representing interest	(42,996)		(4,184)
Lease liability	$	233,080	$	25,410