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LEASES
 3 Months Ended
Mar. 31, 2023
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 March 31, 2023, 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)March 31, 2023December 31, 2022
Lease Right-of-Use AssetsClassification
Operating lease right-of-use assets Other assets$49,074 $46,411 
Finance lease right-of-use assetsPremises and equipment, net5,988 6,151 
Total Lease Right-of-Use Assets$55,062 $52,562 
Lease Liabilities
Operating lease liabilitiesOther liabilities$55,261 $53,736 
Finance lease liabilitiesOther liabilities9,127 9,306 
Total Lease Liabilities$64,388 $63,042 

Supplemental information related to leases was as follows:
March 31, 2023December 31, 2022
Weighted-Average Remaining Lease Term (in years)
Operating leases8.99.3
Finance leases11.611.8
Weighted-Average Discount Rate
Operating leases2.72 %2.56 %
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 three months ended March 31, 2023 was $2.3 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 three months ended March 31, 2022 was $2.6 million. 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:
Three Months Ended
(In thousands)March 31, 2023March 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$2,273 $2,614 
Operating cash flows from finance leases113 120 
Financing cash flows from finance leases147 138 

The following table presents a maturity analysis of the Company’s lease liability by lease classification at March 31, 2023:
(In thousands)Operating LeasesFinance Leases
2023$7,226 $777 
20249,023 1,039 
20257,371 1,039 
20266,439 1,039 
20275,821 1,039 
Thereafter25,889 7,077 
Total undiscounted lease payments 61,769 12,010 
Less amounts representing interest (6,508)(2,883)
Lease liability $55,261 $9,127 
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 March 31, 2023, 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)March 31, 2023December 31, 2022
Lease Right-of-Use AssetsClassification
Operating lease right-of-use assets Other assets$49,074 $46,411 
Finance lease right-of-use assetsPremises and equipment, net5,988 6,151 
Total Lease Right-of-Use Assets$55,062 $52,562 
Lease Liabilities
Operating lease liabilitiesOther liabilities$55,261 $53,736 
Finance lease liabilitiesOther liabilities9,127 9,306 
Total Lease Liabilities$64,388 $63,042 

Supplemental information related to leases was as follows:
March 31, 2023December 31, 2022
Weighted-Average Remaining Lease Term (in years)
Operating leases8.99.3
Finance leases11.611.8
Weighted-Average Discount Rate
Operating leases2.72 %2.56 %
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 three months ended March 31, 2023 was $2.3 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 three months ended March 31, 2022 was $2.6 million. 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:
Three Months Ended
(In thousands)March 31, 2023March 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$2,273 $2,614 
Operating cash flows from finance leases113 120 
Financing cash flows from finance leases147 138 

The following table presents a maturity analysis of the Company’s lease liability by lease classification at March 31, 2023:
(In thousands)Operating LeasesFinance Leases
2023$7,226 $777 
20249,023 1,039 
20257,371 1,039 
20266,439 1,039 
20275,821 1,039 
Thereafter25,889 7,077 
Total undiscounted lease payments 61,769 12,010 
Less amounts representing interest (6,508)(2,883)
Lease liability $55,261 $9,127