XML 38 R23.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Note 15 - Leases | 12 Months Ended
--- | ---
Dec. 31, 2023
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | 15. Leases The Company enters into operating leases in the normal course of business primarily for branch offices, office spaces and certain equipment. The Company may seek to include options to extend or terminate a lease when it is reasonably certain that the Company will exercise those options. ROU assets and lease liabilities are recognized at the lease commencement date based on the estimated present value of the lease payments over the lease term. The Company uses its incremental borrowing rate to determine the present value of its lease liabilities. The Company has elected to not separate lease and non-lease components. The Company has also elected not to recognize a ROU asset and lease liability for leases with original lease term of 12 months or less (short-term leases). The Company does not possess any leases that have variable lease payments or residual value guarantees as of December 31, 2023 and 2022. The following table represents the operating lease amounts reported on the Consolidated Balance Sheets and other supplemental information as of December 31, 2023, and December 31, 2022:
|  | December 31, 2023 |  |  | December 31, 2022 |
|  | (Dollars in millions) |
Operating Leases: |  |  |  |  |  |  |  |
ROU assets |  | $ | 32.1 |  |  | $ | 29.6 |
Lease liabilities |  | $ | 34.8 |  |  | $ | 32.5 |
Weighted-average remaining lease term (in years) |  |  | 4.1 |  |  |  | 4.0 |
Weighted-average discount rate |  |  | 3.8 | % |  |  | 2.9 | %
Operating cash flows from operating leases |  | $ | 11.4 |  |  | $ | 11.4 |
ROU assets obtained in exchange for lease obligations |  | $ | 12.6 |  |  | $ | 5.9 |
Operating lease expense is recognized on a straight-line basis over the lease term. Operating lease expense was $12.8 million, $13.1 million and $11.6 million for the years ended December 31, 2023, 2022 and 2021, respectively, and includes short-term leases that were immaterial. The following table presents a maturity analysis of the Company’s operating lease liabilities as of December 31, 2023:
|  | As of December 31, 2023 |
|  | Operating Leases |
|  | (In thousands) |
2024 |  | $ | 10,800 |
2025 |  |  | 8,960 |
2026 |  |  | 7,297 |
2027 |  |  | 5,238 |
2028 |  |  | 3,916 |
Thereafter |  |  | 1,403 |
Total lease payments |  | $ | 37,614 |
Less amount of payment representing interest |  |  | (2,817 | )
Total present value of lease payments |  | $ | 34,797 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration