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LEASES (Tables)

3 Months Ended

Mar. 31, 2025

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)			Classification						March 31, 2025						December 31, 2024
ASSETS
Operating lease ROU assets			Other assets						$	33,755					$	35,322
LIABILITIES
Operating lease liabilities			Other liabilities						$	36,877					$	37,882

Lease, Cost

The following table summarizes operating lease cost and its corresponding income statement location for the periods presented:

									Three Months Ended March 31,
(amounts in thousands)			Classification						2025						2024
Operating lease cost (1)			Occupancy expenses						$	1,949					$	1,185

(1) There were no variable lease costs for the three months ended March 31, 2025 and 2024, 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 March 31, 2025:

(amounts in thousands)			March 31, 2025
2025			$	4,414
2026			6,647
2027			6,161
2028			5,546
2029			4,802
Thereafter			17,171
Total minimum payments			44,741
Less: interest			7,864
Present value of lease liabilities			$	36,877

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 March 31, 2025 and December 31, 2024:

March 31, 2025

December 31, 2024

Weighted average remaining lease term (years)

Operating leases

8.1 years

8.2 years

Weighted average discount rate

Operating leases

4.13

%

4.22

%

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 March 31, 2025 and December 31, 2024:

(amounts in thousands)			Classification						March 31, 2025						December 31, 2024
ASSETS
Direct financing and sales-type leases
Lease receivables			Loans and leases receivable						$	257,347					$	251,507
Guaranteed residual assets			Loans and leases receivable						25,979						24,045
Unguaranteed residual assets			Loans and leases receivable						11,217						10,463
Deferred initial direct costs			Loans and leases receivable						1,415						1,352
Unearned income			Loans and leases receivable						(26,711)						(24,673)
Net investment in direct financing and sales-type leases									$	269,247					$	262,694
Operating leases
Investment in operating leases			Other assets						$	321,183					$	308,993
Accumulated depreciation			Other assets						(98,769)						(95,053)
Deferred initial direct costs			Other assets						1,083						978
Net investment in operating leases									223,497						214,918
Total lease assets									$	492,744					$	477,612

Sales-type and Direct Financing Leases, Lease Receivable, Maturity

Maturities of operating and direct financing and sales-type lease receivables were as follows at March 31, 2025:

(amounts in thousands)			Operating leases						Direct financing and sales-type leases
2025			$	38,255					$	56,794
2026			52,784						64,124
2027			40,258						55,477
2028			63,825						36,780
2029			26,839						24,778
Thereafter			34,790						19,394
Total minimum payments			$	256,751					257,347
Less: interest									26,711
Present value of lease receivables									$	230,636

Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity

Maturities of operating and direct financing and sales-type lease receivables were as follows at March 31, 2025:

(amounts in thousands)			Operating leases						Direct financing and sales-type leases
2025			$	38,255					$	56,794
2026			52,784						64,124
2027			40,258						55,477
2028			63,825						36,780
2029			26,839						24,778
Thereafter			34,790						19,394
Total minimum payments			$	256,751					257,347
Less: interest									26,711
Present value of lease receivables									$	230,636

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Lessee, Summary of Right-of-Use Assets and Lease Liabilities [Table Text Block]

+ References

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Lessor, Lease Receivables and Investment in Operating Leases and their Corresponding Balance Sheet Location [Table Text Block]

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No definition available.

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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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-12

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- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received on annual basis for sales-type and direct financing leases receivable. Includes, but is not limited to, reconciliation to lease receivable recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-10

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