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Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Components of lease costs and supplemental information related to leases

The tables below present the components of lease costs and supplemental information related to leases as of and for the periods presented.


		March 31, 2023				December 31, 2022
		(Dollars in thousands)
Lease Assets and Liabilities
ROU assets		$	22,932			$	22,696
Total lease liabilities			24,629				24,458


		Three Months Ended March 31,
		2023				2022

Lease Cost
Operating lease expense (1)		$	1,841			$	1,846
Sublease income			—				—
Total lease expense		$	1,841			$	1,846

(1)

Includes short-term leases and variable lease costs, which are immaterial.


Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases, net		$	1,756			$	1,851


		March 31, 2023				December 31, 2022
Lease Term and Discount Rate
Weighted average remaining lease term (years)			4.13				4.12
Weighted average discount rate			3.00	%			2.80	%

Future lease payments required for leases that have initial or remaining non-cancelable lease terms

The future lease payments required for leases that have initial or remaining non-cancelable lease terms in excess of one year as of March 31, 2023, excluding property taxes and insurance, are as follows:


		March 31, 2023
		(Dollars in thousands)
Year:
2023 (excluding the three months ended March 31, 2023)		$	5,299
2024			6,458
2025			5,777
2026			4,503
2027			3,012
Thereafter			1,243
Total future lease payments			26,292
Less: Imputed interest			(1,663	)
Present value of lease liabilities		$	24,629