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Leases
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases
NOTE 18 – LEASES
The Corporation has operating leases for certain financial centers, corporate offices and land.

The following table presents the components of lease expense, which is included in net occupancy expense on the consolidated statements of income (dollars in thousands):
202220212020
Operating lease expense$17,766 $16,345 $18,481 
Variable lease expense3,017 1,384 2,830
Sublease income(964)(860)(749)
Total lease expense$19,819 $16,869 $20,562 
Supplemental consolidated balance sheet information related to leases was as follows as of December 31 (dollars in thousands):
Operating LeasesBalance Sheet Classification20222021
ROU assetsOther assets$85,103 $82,431 
Lease liabilitiesOther liabilities$93,883 $92,864 
Weighted average remaining lease term6.75 years7.0 years
Weighted average discount rate2.89 %2.73 %

The discount rate used in determining the lease liability for each individual lease is the FHLB fixed advance rate which corresponds with the remaining lease term.

Supplemental cash flow information related to operating leases was as follows (dollars in thousands):
20222021
Cash paid for amounts included in the measurement of lease liabilities$19,405 $19,611 
ROU assets obtained in exchange for lease obligations18,715 12,588 

Lease payment obligations for each of the next five years and thereafter, with a reconciliation to the Corporation's lease liability were as follows (dollars in thousands):
YearOperating Leases
2023$19,222 
202417,821 
202515,310 
202613,584 
202711,112 
Thereafter26,681 
Total lease payments103,730 
Less: imputed interest(9,847)
Present value of lease liabilities$93,883 

As of December 31, 2022, the Corporation had not entered into any significant leases that have not yet commenced.