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LEASES
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
LEASES LEASES
Substantially all of the leases in which the Company is the lessee are comprised of real estate property for branches, ATM locations, and office space. Most of the Company’s leases are classified as operating leases. At December 31, 2022 lease expiration dates ranged from 1 month to 17 years.

The following table represents the Consolidated Balance Sheets classification of the Company’s right-of-use (“ROU”) assets and lease liabilities:
(In thousands)December 31, 2022December 31, 2021
Lease Right-of-Use AssetsClassification
Operating lease right-of-use assets Other assets$46,411 $52,180 
Finance lease right-of-use assetsPremises and equipment, net6,151 6,674 
Total Lease Right-of-Use Assets$52,562 $58,854 
Lease Liabilities
Operating lease liabilities Other liabilities$53,736 $55,674 
Finance lease liabilitiesOther liabilities9,306 9,862 
Total Lease Liabilities$63,042 $65,536 


Supplemental information related to leases was as follows:
December 31, 2022December 31, 2021
Weighted-Average Remaining Lease Term (in years)
Operating leases9.39.5
Finance leases11.812.8
Weighted-Average Discount Rate
Operating leases2.56 %2.77 %
Finance leases5.00 %5.00 %

The Company has lease agreements with lease and non-lease components, which are generally accounted for separately. For real estate leases, non-lease components and other non-components, such as common area maintenance charges, real estate taxes, and insurance are not included in the measurement of the lease liability since they are generally able to be segregated.

The Company does not have any material sub-lease agreements.

Lease expense for operating leases for the year ended December 31, 2022 was $9.7 million. Variable lease components, such as consumer price index adjustments, are expensed as incurred and not included in ROU assets and operating lease liabilities.

Lease expense for operating leases for the year ended December 31, 2021 was $10.9 million. Variable lease components, such as consumer price index adjustments, are expensed as incurred and not included in ROU assets and operating lease liabilities.

Lease expense for operating leases for the year ended December 31, 2020 was $13.5 million, of which $1.2 million was related to FCLS and is reported as discontinued operations. Variable lease components, such as consumer price index adjustments, are expensed as incurred and not included in ROU assets and operating lease liabilities.
Supplemental cash flow information related to leases was as follows:
(In thousands)December 31, 2022December 31, 2021December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$9,438 $10,897 $13,750 
Operating cash flows from finance leases476 503 530 
Financing cash flows from finance leases555 528 500 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases5,730 2,976 7,083 
Finance leases— — — 


The following table presents a maturity analysis of the Company’s lease liability by lease classification at December 31, 2022:
(In thousands)Operating LeasesFinance Leases
2023$9,743 $1,035 
20248,225 1,037 
20256,501 1,037 
20265,480 1,037 
20274,713 1,037 
Thereafter25,313 7,149 
Total undiscounted lease payments 59,975 12,332 
Less amounts representing interest (6,239)(3,026)
Lease liability $53,736 $9,306 
LEASES LEASES
Substantially all of the leases in which the Company is the lessee are comprised of real estate property for branches, ATM locations, and office space. Most of the Company’s leases are classified as operating leases. At December 31, 2022 lease expiration dates ranged from 1 month to 17 years.

The following table represents the Consolidated Balance Sheets classification of the Company’s right-of-use (“ROU”) assets and lease liabilities:
(In thousands)December 31, 2022December 31, 2021
Lease Right-of-Use AssetsClassification
Operating lease right-of-use assets Other assets$46,411 $52,180 
Finance lease right-of-use assetsPremises and equipment, net6,151 6,674 
Total Lease Right-of-Use Assets$52,562 $58,854 
Lease Liabilities
Operating lease liabilities Other liabilities$53,736 $55,674 
Finance lease liabilitiesOther liabilities9,306 9,862 
Total Lease Liabilities$63,042 $65,536 


Supplemental information related to leases was as follows:
December 31, 2022December 31, 2021
Weighted-Average Remaining Lease Term (in years)
Operating leases9.39.5
Finance leases11.812.8
Weighted-Average Discount Rate
Operating leases2.56 %2.77 %
Finance leases5.00 %5.00 %

The Company has lease agreements with lease and non-lease components, which are generally accounted for separately. For real estate leases, non-lease components and other non-components, such as common area maintenance charges, real estate taxes, and insurance are not included in the measurement of the lease liability since they are generally able to be segregated.

The Company does not have any material sub-lease agreements.

Lease expense for operating leases for the year ended December 31, 2022 was $9.7 million. Variable lease components, such as consumer price index adjustments, are expensed as incurred and not included in ROU assets and operating lease liabilities.

Lease expense for operating leases for the year ended December 31, 2021 was $10.9 million. Variable lease components, such as consumer price index adjustments, are expensed as incurred and not included in ROU assets and operating lease liabilities.

Lease expense for operating leases for the year ended December 31, 2020 was $13.5 million, of which $1.2 million was related to FCLS and is reported as discontinued operations. Variable lease components, such as consumer price index adjustments, are expensed as incurred and not included in ROU assets and operating lease liabilities.
Supplemental cash flow information related to leases was as follows:
(In thousands)December 31, 2022December 31, 2021December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$9,438 $10,897 $13,750 
Operating cash flows from finance leases476 503 530 
Financing cash flows from finance leases555 528 500 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases5,730 2,976 7,083 
Finance leases— — — 


The following table presents a maturity analysis of the Company’s lease liability by lease classification at December 31, 2022:
(In thousands)Operating LeasesFinance Leases
2023$9,743 $1,035 
20248,225 1,037 
20256,501 1,037 
20265,480 1,037 
20274,713 1,037 
Thereafter25,313 7,149 
Total undiscounted lease payments 59,975 12,332 
Less amounts representing interest (6,239)(3,026)
Lease liability $53,736 $9,306