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Leases (Tables)
 12 Months Ended
Dec. 31, 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)ClassificationDecember 31, 2023December 31, 2022
ASSETS
Operating lease ROU assetsOther assets$15,644 $16,133 
LIABILITIES
Operating lease liabilitiesOther liabilities$18,048 $19,046 
Lease, Cost
The following table summarizes operating lease cost and its corresponding income statement location for the periods presented:
For the Years Ended December 31,
(amounts in thousands)Classification202320222021
Operating lease cost (1)
Occupancy expenses$5,050 $4,758 $4,545 
(1)    There were no variable lease costs for the years ended December 31, 2023, 2022 and 2021, 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 December 31, 2023:
(amounts in thousands)December 31, 2023
2024$4,786 
20253,745 
20262,977 
20272,469 
20282,090 
Thereafter3,535 
Total minimum payments19,602 
Less: interest1,554 
Present value of lease liabilities$18,048 
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 December 31, 2023 and 2022:
December 31, 2023December 31, 2022
Weighted average remaining lease term (years)
Operating leases
5.6 years
5.1 years
Weighted average discount rate
Operating leases3.28 %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 December 31, 2023 and 2022:
(amounts in thousands)ClassificationDecember 31, 2023December 31, 2022
ASSETS
Direct financing leases
Lease receivablesLoans and leases receivable$190,559 $140,182 
Guaranteed residual assetsLoans and leases receivable15,783 12,370 
Unguaranteed residual assetsLoans and leases receivable10,010 7,555 
Deferred initial direct costsLoans and leases receivable1,213 667 
Unearned incomeLoans and leases receivable(11,891)(3,404)
Net investment in direct financing leases$205,674 $157,370 
Operating leases
Investment in operating leasesOther assets$282,208 $248,454 
Accumulated depreciationOther assets(77,672)(52,585)
Deferred initial direct costsOther assets1,192 1,461 
Net investment in operating leases205,728 197,330 
Total lease assets$411,402 $354,700 
Future Minimum Rental Commitments under Non-Cancelable Leases
Maturities of operating and direct financing lease receivables were as follows at December 31, 2023:
(amounts in thousands)Operating leasesDirect financing leases
2024$41,842 $50,761 
202538,176 41,822 
202643,852 34,055 
202732,782 29,059 
202852,716 21,401 
Thereafter24,701 16,100 
Total lease payments$234,069 193,198 
Less: interest2,639 
Present value of lease receivables$190,559 
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
Maturities of operating and direct financing lease receivables were as follows at December 31, 2023:
(amounts in thousands)Operating leasesDirect financing leases
2024$41,842 $50,761 
202538,176 41,822 
202643,852 34,055 
202732,782 29,059 
202852,716 21,401 
Thereafter24,701 16,100 
Total lease payments$234,069 193,198 
Less: interest2,639 
Present value of lease receivables$190,559