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Lease Commitments
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease Commitments Lease Commitments
Our leases relate primarily to office space and bank branches with remaining lease terms of generally 1 to 15 years. Certain lease arrangements contain extension options which typically range from 5 to 10 years at the then fair market rental rates. As these extension options are not generally considered reasonably certain of exercise, they are not included in the lease term. For leases existing during transition from ASC 840 to ASC 842 at January 1, 2022, extension options were not considered in the remaining lease term.
2022
ROU asset on leased property, gross$35,212 
Accumulated amortization(6,808)
ROU asset, net (Note 9)
$28,404 
Lease liability (Note 13)
$31,267 
The following table reconciles future undiscounted lease payments due under non-cancelable operating leases to the aggregate operating lessee lease liability as of December 31, 2022:
2023$7,517 
20246,673 
20255,693 
20263,929 
20272,394 
Thereafter6,888 
Total undiscounted operating lease liability33,094 
Imputed interest1,827 
Total operating lease liability included in the accompanying balance sheet$31,267 
Weighted Average Remaining Life - Operating Leases5.92
Weighted Average Rate - Operating Leases1.81 %
Total lease expense for the years ended December 31, 2022, 2021 and 2020 was $7,311, $6,623 and $7,261, respectively. The components of total lease expense was as follows for the year ended December 31, 2022:
Operating leases$7,145 
Short-term leases476 
Sublease income(310)
Net lease expense$7,311 
We do not currently have any significant finance leases in which we are the lessee, material related-party leases, leases containing residual value guarantees or restrictive covenants.