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Leases (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025				December 31, 2024
		(Dollars in thousands)
Lease Assets and Liabilities
ROU assets		$	45,174			$	47,117
Total lease liabilities			47,834				49,617


		Three Months Ended March 31,
		2025				2024
		(Dollars in thousands)
Lease Cost
Operating lease expense (1)		$	2,541			$	1,845
Sublease income			—				—
Total lease expense		$	2,541			$	1,845

(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		$	2,270			$	1,864


		March 31, 2025				December 31, 2024
Lease Term and Discount Rate
Weighted average remaining lease term (years)			9.97				9.99
Weighted average discount rate			6.01	%			5.95	%

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, 2025, excluding property taxes and insurance, are as follows:


		March 31, 2025
		(Dollars in thousands)
Year:
2025 (excluding the three months ended March 31, 2025)		$	7,622
2026			9,114
2027			7,693
2028			5,900
2029			4,172
2030			3,518
Thereafter			29,151
Total future lease payments			67,172
Less: Imputed interest			(19,337	)
Present value of lease liabilities		$	47,834