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Lease Commitments | 12 Months Ended
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Dec. 31, 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.
| 2023 |  | 2022
ROU asset on leased property, gross | $ | 36,520 |  |  | $ | 35,212 |
Accumulated amortization | (12,293) |  |  | (6,808) |
ROU asset, net (Note 9) | $ | 24,227 |  |  | $ | 28,404 |
Lease liability (Note 13) | $ | 26,431 |  |  | $ | 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, 2023:
2024 | $ | 7,146 |
2025 | 6,145 |
2026 | 4,386 |
2027 | 2,670 |
2028 | 2,488 |
Thereafter | 5,287 |
Total undiscounted operating lease liability | 28,122 |
Imputed interest | 1,691 |
Total operating lease liability included in the accompanying balance sheet | $ | 26,431 |
Weighted Average Remaining Life - Operating Leases | 5.56
Weighted Average Rate - Operating Leases | 2.10 | %
The components of total lease expense was as follows for the years ended December 31,:
| 2023 |  | 2022 |  |
Operating leases | $ | 7,683 |  |  | $ | 7,145 |  |  |
Short-term leases | 216 |  |  | 476 |  |  |
Sublease income | (229) |  |  | (310) |  |  |
Net lease expense | $ | 7,670 |  |  | $ | 7,311 |  |  |
Total lease expense for the year ended December 31, 2021 was $6,623. 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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