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LEASES (Tables) | 9 Months Ended
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Sep. 30, 2024
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) |  |  |  | September 30, 2024 |  | December 31, 2023
Lease Right-of-Use Assets |  | Classification |  |  |  |
Operating lease right-of-use assets |  | Other assets |  | $ | 43,712 |  |  | $ | 47,348 |
Finance lease right-of-use assets |  | Premises and equipment, net |  | 641 |  |  | 5,597 |
Total Lease Right-of-Use Assets |  |  |  | $ | 44,353 |  |  | $ | 52,945 |
Lease Liabilities |  |  |  |  |  |
Operating lease liabilities |  | Other liabilities |  | $ | 48,762 |  |  | $ | 53,026 |
Finance lease liabilities |  | Other liabilities |  | 903 |  |  | 8,681 |
Total Lease Liabilities |  |  |  | $ | 49,665 |  |  | $ | 61,707 |
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental information related to leases was as follows:
| September 30, 2024 |  | December 31, 2023
Weighted-Average Remaining Lease Term (in years) |  |  |
Operating leases | 8.0 |  | 8.3
Finance leases | 13.3 |  | 10.8
Weighted-Average Discount Rate |  |  |
Operating leases | 3.25 | % |  | 2.90 | %
Finance leases | 5.00 | % |  | 5.00 | %
Supplemental cash flow information related to leases was as follows:
|  | Three Months Ended
(In thousands) |  | September 30, 2024 |  | September 30, 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 2,073 |  |  | $ | 2,267 |
Operating cash flows from finance leases |  | 11 |  |  | 112 |
Financing cash flows from finance leases |  | 12 |  |  | 148 |
|  | Nine Months Ended
(In thousands) |  | September 30, 2024 |  | September 30, 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 6,160 |  |  | $ | 6,800 |
Operating cash flows from finance leases |  | 34 |  |  | 336 |
Financing cash flows from finance leases |  | 35 |  |  | 443 |
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 September 30, 2024:
(In thousands) |  | Operating Leases |  | Finance Leases
2024 |  | $ | 2,200 |  |  | $ | 23 |
2025 |  | 8,157 |  |  | 93 |
2026 |  | 7,962 |  |  | 93 |
2027 |  | 7,246 |  |  | 93 |
2028 |  | 6,109 |  |  | 93 |
Thereafter |  | 23,116 |  |  | 837 |
Total undiscounted lease payments |  | 54,790 |  |  | 1,232 |
Less amounts representing interest |  | (6,028) |  |  | (329) |
Lease liability |  | $ | 48,762 |  |  | $ | 903 |
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 September 30, 2024:
(In thousands) |  | Operating Leases |  | Finance Leases
2024 |  | $ | 2,200 |  |  | $ | 23 |
2025 |  | 8,157 |  |  | 93 |
2026 |  | 7,962 |  |  | 93 |
2027 |  | 7,246 |  |  | 93 |
2028 |  | 6,109 |  |  | 93 |
Thereafter |  | 23,116 |  |  | 837 |
Total undiscounted lease payments |  | 54,790 |  |  | 1,232 |
Less amounts representing interest |  | (6,028) |  |  | (329) |
Lease liability |  | $ | 48,762 |  |  | $ | 903 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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 + Details
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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 + Details
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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 + Details
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