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Leases (Tables) | 3 Months Ended
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Mar. 31, 2022
Leases [Abstract] |
Schedule of Information Related to Company's Leases and Lease Expense | Information related to the Company's leases is presented below as of March 31, 2022 and December 31, 2021:
|  |  | March 31, |  | December 31,
| Classification |  | 2022 |  | 2021
Right-of-use assets: |  |  |  |  |
Operating leases | Operating lease right-of-use assets |  | $ | 41,037 |  | $ | 41,686
Finance leases | Premises and equipment, net |  | 1,450 |  | 1,487
Total right-of-use assets |  |  | $ | 42,487 |  | $ | 43,173
Lease liabilities: |  |  |  |  |
Operating leases | Operating lease liabilities |  | $ | 45,528 |  | $ | 46,367
Finance leases | Borrowings |  | 1,488 |  | 1,518
Total lease liabilities |  |  | $ | 47,016 |  | $ | 47,885
Weighted average remaining lease term (in years) - operating |  |  | 12.3 |  | 12.4
Weighted average remaining lease term (in years) - finance |  |  | 13.1 |  | 13.4
Weighted average discount rate - operating |  |  | 2.72 | % |  | 2.73 | %
Weighted average discount rate - finance |  |  | 1.76 | % |  | 1.76 | %
The components of total lease expense included in the consolidated statements of income were as follows:
|  |  |  |  | Three Months Ended
|  |  |  |  | March 31,
| Classification |  |  |  |  |  | 2022 |  |  |  | 2021 |  |  |
Operating lease costs: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use asset | Occupancy and equipment |  |  |  |  |  | $ | 1,710 |  |  |  | $ | 1,939 |  |  |
Short-term lease cost | Occupancy and equipment |  |  |  |  |  | 111 |  |  |  | 87 |  |  |
Variable lease cost | Occupancy and equipment |  |  |  |  |  | 256 |  |  |  | 235 |  |  |
Lease impairment | Occupancy and equipment |  |  |  |  |  | — |  |  |  | 38 |  |  |
Gain on lease modifications and terminations | Occupancy and equipment |  |  |  |  |  | (18) |  |  |  | — |  |  |
Finance lease costs: |  |  |  |  |  |  |  |  |  |  |  |
Interest on lease liabilities | Interest expense on borrowings |  |  |  |  |  | 9 |  |  |  | 6 |  |  |
Amortization of right-of-use asset | Occupancy and equipment |  |  |  |  |  | 37 |  |  |  | 28 |  |  |
Total lease cost |  |  |  |  |  |  | $ | 2,105 |  |  |  | $ | 2,333 |  |  |
Schedule of Maturity Analysis of Operating Lease Liabilities | A maturity analysis of operating and finance lease liabilities and a reconciliation of undiscounted cash flows to the total lease liability as of March 31, 2022 is as follows:
| Operating |  | Finance
| Leases |  | Lease
Lease payments due: |  |  |
March 31, 2023 | $ | 5,542 |  |  | $ | 87 |
March 31, 2024 | 5,959 |  |  | 118 |
March 31, 2025 | 5,140 |  |  | 120 |
March 31, 2026 | 4,823 |  |  | 121 |
March 31, 2027 | 4,700 |  |  | 123 |
Thereafter | 28,730 |  |  | 1,102 |
Total undiscounted future minimum lease payments | 54,894 |  |  | 1,671 |
Less: imputed interest | (9,366) |  |  | (183) |
Lease liability | $ | 45,528 |  |  | $ | 1,488 |
Schedule of Maturity of Finance Lease Liabilities | A maturity analysis of operating and finance lease liabilities and a reconciliation of undiscounted cash flows to the total lease liability as of March 31, 2022 is as follows:
| Operating |  | Finance
| Leases |  | Lease
Lease payments due: |  |  |
March 31, 2023 | $ | 5,542 |  |  | $ | 87 |
March 31, 2024 | 5,959 |  |  | 118 |
March 31, 2025 | 5,140 |  |  | 120 |
March 31, 2026 | 4,823 |  |  | 121 |
March 31, 2027 | 4,700 |  |  | 123 |
Thereafter | 28,730 |  |  | 1,102 |
Total undiscounted future minimum lease payments | 54,894 |  |  | 1,671 |
Less: imputed interest | (9,366) |  |  | (183) |
Lease liability | $ | 45,528 |  |  | $ | 1,488 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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