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Leases (Tables)
 6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Lessee, Summary of Right-of-Use Assets and Lease Liabilities The following table summarizes operating lease ROU assets and operating lease liabilities and their corresponding balance sheet location:
(amounts in thousands)ClassificationJune 30, 2023December 31, 2022
ASSETS
Operating lease ROU assetsOther assets$17,430 $16,133 
LIABILITIES
Operating lease liabilitiesOther liabilities$19,916 $19,046 
Lease, Cost
The following table summarizes operating lease cost and its corresponding income statement location for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
(amounts in thousands)Classification2023202220232022
Operating lease cost (1)
Occupancy expenses$1,296 $1,217 $2,515 $2,215 
(1) There were no variable lease costs for the three and six months ended June 30, 2023 and 2022, and sublease income for operating leases was immaterial.
Maturities of Non-cancelable Operating Lease Liabilities Maturities of non-cancelable operating lease liabilities were as follows at June 30, 2023:
(amounts in thousands)June 30, 2023
2023$2,666 
20244,701 
20253,650 
20262,880 
20272,369 
Thereafter5,524 
Total minimum payments21,790 
Less: interest1,874 
Present value of lease liabilities$19,916 
Summary of Lease Term and Discount Rate for Operating Leases The following table summarizes the weighted average remaining lease term and discount rate for Customers' operating leases at June 30, 2023 and December 31, 2022:
June 30, 2023December 31, 2022
Weighted average remaining lease term (years)
Operating leases5.8 years5.1 years
Weighted average discount rate
Operating leases3.18 %2.85 %
Lessor, Lease Receivables and Investment in Operating Leases and their Corresponding Balance Sheet Location The following table summarizes lease receivables and investment in operating leases and their corresponding balance sheet location at June 30, 2023 and December 31, 2022:
(amounts in thousands)ClassificationJune 30, 2023December 31, 2022
ASSETS
Direct financing leases
Lease receivablesLoans and leases receivable$167,279 $140,182 
Guaranteed residual assetsLoans and leases receivable12,945 12,370 
Unguaranteed residual assetsLoans and leases receivable8,909 7,555 
Deferred initial direct costsLoans and leases receivable972 667 
Unearned incomeLoans and leases receivable(3,964)(3,404)
Net investment in direct financing leases$186,141 $157,370 
Operating leases
Investment in operating leasesOther assets$262,717 $248,454 
Accumulated depreciationOther assets(66,975)(52,585)
Deferred initial direct costsOther assets1,333 1,461 
Net investment in operating leases197,075 197,330 
Total lease assets$383,216 $354,700 
Sales-type and Direct Financing Leases, Lease Receivable, Maturity Maturities of operating and direct financing lease receivables were as follows at June 30, 2023:
(amounts in thousands)Operating leasesDirect financing leases
2023$19,672 $22,998 
202437,821 43,104 
202534,105 33,776 
202639,164 25,972 
202728,646 21,099 
Thereafter66,834 22,417 
Total minimum payments$226,242 169,366 
Less: interest2,087 
Present value of lease receivables$167,279 
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity Maturities of operating and direct financing lease receivables were as follows at June 30, 2023:
(amounts in thousands)Operating leasesDirect financing leases
2023$19,672 $22,998 
202437,821 43,104 
202534,105 33,776 
202639,164 25,972 
202728,646 21,099 
Thereafter66,834 22,417 
Total minimum payments$226,242 169,366 
Less: interest2,087 
Present value of lease receivables$167,279