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Lease Commitments | 9 Months Ended
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Sep. 30, 2023
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.
| September 30, 2023 |  | December 31, 2022
ROU asset on leased property, gross | $ | 37,021 |  |  | $ | 35,212 |
Accumulated amortization | (11,047) |  |  | (6,808) |
ROU asset, net (included in Prepaid expenses and other assets in our consolidated balance sheets) | $ | 25,974 |  |  | $ | 28,404 |
Lease liability (Included in Accrued expenses and other liabilities in our consolidated balance sheets) | $ | 28,360 |  |  | $ | 31,267 |
Weighted Average Remaining Life - Operating Leases | 5.63 |  | 5.92
Weighted Average Rate - Operating Leases | 2.07 | % |  | 1.81 | %
The following table reconciles future undiscounted lease payments due under non-cancelable operating leases to the aggregate operating lessee lease liability as of September 30, 2023:
Remainder of 2023 | $ | 7,434 |
2024 | 6,589 |
2025 | 4,789 |
2026 | 2,986 |
2027 | 2,549 |
2028 | 5,604 |
Thereafter | 232 |
Total undiscounted operating lease liability | 30,183 |
Imputed interest | 1,823 |
Total operating lease liability included in the accompanying balance sheet | $ | 28,360 |
Total lease expense for three months ended September 30, 2023 and 2022 was $1,888 and $2,063, respectively. Total lease expense for the nine months ended September 30, 2023 and 2022 was $5,633 and $5,839, respectively. The components of total lease expense for the periods ended September 30, 2023 was as follows:
| For the three months ended September 30, |  |  |  | For the nine months ended September 30, |  |
| 2023 |  |  |  | 2023 |  |
Operating leases | $ | 1,887 |  |  |  |  | $ | 5,642 |  |  |
Short-term leases | 60 |  |  |  |  | 160 |  |  |
Sublease income | (59) |  |  |  |  | (169) |  |  |
Net lease expense | $ | 1,888 |  |  |  |  | $ | 5,633 |  |  |
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.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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