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Leases (Tables) | 9 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
Schedule of Components of Lease Expense | he following table presents the components of lease expense, which is included in net occupancy expense on the consolidated statements of income:
|  | Three months ended September 30 | Nine months ended September 30
|  | 2024 |  | 2023 | 2024 |  | 2023
|  | (dollars in thousands)
Operating lease expense | $ | 8,822 |  |  | $ | 4,755 |  | $ | 21,519 |  |  | $ | 14,347 |
Variable lease expense | 826 |  |  | 887 |  | 2,306 |  |  | 2,444 |
Sublease income | (300) |  |  | (289) |  | (883) |  |  | (829) |
Total lease expense | $ | 9,348 |  |  | $ | 5,353 |  | $ | 22,942 |  |  | $ | 15,962 |
Schedule of Supplemental Lease Information | Supplemental consolidated balance sheet information related to leases was as follows:
Operating Leases |  | Balance Sheet Classification |  | September 30, 2024 |  | December 31, 2023
|  |  |  | (dollars in thousands)
ROU assets |  | Other assets |  | $ | 135,747 |  |  | $ | 88,188 |
Lease liabilities |  | Other liabilities |  | $ | 145,349 |  |  | $ | 95,230 |
Weighted average remaining lease term |  |  |  | 9.21 years |  | 6.5 years
Weighted average discount rate |  |  |  | 5.34 | % |  | 3.34 | %
Supplemental cash flow information related to operating leases was as follows:
| Three months ended September 30 | Nine months ended September 30
| 2024 |  | 2023 | 2024 |  | 2023
| (dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities | $ | 6,153 |  |  | $ | 6,354 |  | $ | 17,425 |  |  | $ | 16,124 |
ROU assets obtained in exchange for lease obligations | 11,891 |  |  | 10,447 |  | 64,884 |  |  | 19,465 |
Schedule of Lease Payment Obligations For Each of the Next Five Years |
Year | Operating Leases
Remaining in 2024 | $ | 6,845 |
2025 | 25,113 |
2026 | 23,833 |
2027 | 21,568 |
2028 | 18,344 |
Thereafter | 95,341 |
Total lease payments | 191,044 |
Less: imputed interest | (45,695) |
Present value of lease liabilities | $ | 145,349 |

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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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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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