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Premises and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Premises and Equipment PREMISES AND EQUIPMENT
Premises and Equipment
Premises and equipment consisted of the following:
(Dollars in thousands)December 31,
2022		December 31,
2021
Land$13,080 $12,992 
Buildings55,001 52,558 
Leasehold improvements37,406 35,235 
Automobiles and aircraft9,929 9,820 
Furniture, fixtures and equipment35,465 35,091 
150,881 145,696 
Accumulated depreciation(47,542)(39,967)
$103,339 $105,729 
Depreciation expense was $13,302,000, $12,037,000 and $10,720,000 for the years ended December 31, 2022, 2021, and 2020, respectively.
Leases
The Company leases certain premises and equipment under operating leases. At December 31, 2022 and 2021, the Company had lease liabilities totaling $34,035,000 and $35,828,000, respectively, and right-of-use assets totaling $30,973,000 and $32,826,000, respectively, related to these leases. Lease liabilities and right-of-use assets are reflected in other liabilities and other assets, respectively. For the years ended December 31, 2022 and 2021, the weighted average remaining lease term for operating leases was 7.74 and 8.4 years, respectively, and the weighted average discount rate used in the measurement of operating lease liabilities was 2.9% and 2.0%, respectively.
Lease costs were as follows:
Year Ended December 31,
(Dollars in thousands)202220212020
Operating lease cost$4,242 $4,538 $5,290 
Variable lease cost880 443 422 
Total lease cost$5,122 $4,981 $5,712 
There were no sale and leaseback transactions, leveraged leases, or lease transactions with related parties during the year ended December 31, 2022. At December 31, 2022, the Company did not have any leases that had not yet commenced, but will create significant rights and obligations for the Company.
A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows:
(Dollars in thousands)December 31, 2022
Lease payments due:
Within one year$5,515 
After one but within two years5,275 
After two but within three years5,181 
After three but within four years4,922 
After four but within five years4,770 
After five years12,848 
Total undiscounted cash flows38,511 
Discount on cash flows(4,476)
Total lease liability$34,035