XML 39 R28.htm IDEA: XBRL DOCUMENT v3.23.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Schedule of ROU Assets and Lease Liabilities
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 
Schedule of Supplemental Cash Flow Information Related to Leases
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 %
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 
Schedule of Maturity Analysis of Operating Lease Liability
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 
Schedule of Maturity Analysis of Finance Lease Liability
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