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Leases | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Leases | Note 7 — Leases The Company leases certain real estate, as well as certain equipment, under non-cancelable operating leases that expire at various dates through 2052. The consolidated balance sheets detail and components of the Company’s lease expense were as follows:
(Dollars in thousands) | December 31, 2024 |  | December 31, 2023
Operating lease right of use assets (included in Accrued interest receivable and other assets) | $ | 52,832 |  |  | $ | 47,619 |
Operating lease liabilities (included in Accrued expenses and other liabilities) | 55,999 |  |  | 48,917 |
Finance lease right of use assets (included in Premises and equipment, net) | 1,862 |  |  | 2,183 |
Finance lease liabilities (included in Accrued expenses and other liabilities) | 1,932 |  |  | 2,244 |
Weighted average remaining lease term (years) - operating leases | 11.18 |  | 11.59
Weighted average discount rate - operating leases | 4.21 | % |  | 4.12 | %
| Years Ended |
(Dollars in thousands) | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022 |
Lease expense: |  |  |  |  |  |
Operating lease expense | $ | 7,916 |  |  | $ | 7,884 |  |  | $ | 5,344 |  |
Other lease expense | 356 |  |  | 360 |  |  | 365 |  |
Total lease expense | 8,272 |  |  | 8,244 |  |  | 5,709 |  |
Sublease income | 339 |  |  | 231 |  |  | 136 |  |
Net lease expense | $ | 7,933 |  |  | $ | 8,013 |  |  | $ | 5,573 |  |
Right of use assets obtained in exchange for new operating lease liabilities | $ | 11,454 |  |  | $ | 20,568 |  |  | $ | 13,428 |  |
Maturities of operating lease liabilities at December 31, 2024, were as follows:
(Dollars in thousands) | December 31, 2024
2025 | $ | 7,609 |
2026 | 7,103 |
2027 | 7,015 |
2028 | 6,825 |
2029 | 5,800 |
Thereafter | 37,513 |
Total lease payments | 71,865 |
Less: Imputed interest | 15,866 |
Total lease obligations | $ | 55,999 |
The Company subleases commercial office spaces to tenants under operating leases. Future lease payments at December 31, 2024, are as follows:
(Dollars in thousands) | December 31, 2024
2025 | $ | 289 |
2026 | 294 |
2027 | 299 |
2028 | 244 |
2029 | 230 |
Thereafter | 1,064 |
Total | $ | 2,420 |
Supplemental cash flow related to leases was as follows:
| Years Ended
(Dollars in thousands) | December 31, 2024 |  | December 31, 2023
Cash paid for operating leases | $ | 7,375 |  |  | $ | 8,131 |
Leases | Note 7 — Leases The Company leases certain real estate, as well as certain equipment, under non-cancelable operating leases that expire at various dates through 2052. The consolidated balance sheets detail and components of the Company’s lease expense were as follows:
(Dollars in thousands) | December 31, 2024 |  | December 31, 2023
Operating lease right of use assets (included in Accrued interest receivable and other assets) | $ | 52,832 |  |  | $ | 47,619 |
Operating lease liabilities (included in Accrued expenses and other liabilities) | 55,999 |  |  | 48,917 |
Finance lease right of use assets (included in Premises and equipment, net) | 1,862 |  |  | 2,183 |
Finance lease liabilities (included in Accrued expenses and other liabilities) | 1,932 |  |  | 2,244 |
Weighted average remaining lease term (years) - operating leases | 11.18 |  | 11.59
Weighted average discount rate - operating leases | 4.21 | % |  | 4.12 | %
| Years Ended |
(Dollars in thousands) | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022 |
Lease expense: |  |  |  |  |  |
Operating lease expense | $ | 7,916 |  |  | $ | 7,884 |  |  | $ | 5,344 |  |
Other lease expense | 356 |  |  | 360 |  |  | 365 |  |
Total lease expense | 8,272 |  |  | 8,244 |  |  | 5,709 |  |
Sublease income | 339 |  |  | 231 |  |  | 136 |  |
Net lease expense | $ | 7,933 |  |  | $ | 8,013 |  |  | $ | 5,573 |  |
Right of use assets obtained in exchange for new operating lease liabilities | $ | 11,454 |  |  | $ | 20,568 |  |  | $ | 13,428 |  |
Maturities of operating lease liabilities at December 31, 2024, were as follows:
(Dollars in thousands) | December 31, 2024
2025 | $ | 7,609 |
2026 | 7,103 |
2027 | 7,015 |
2028 | 6,825 |
2029 | 5,800 |
Thereafter | 37,513 |
Total lease payments | 71,865 |
Less: Imputed interest | 15,866 |
Total lease obligations | $ | 55,999 |
The Company subleases commercial office spaces to tenants under operating leases. Future lease payments at December 31, 2024, are as follows:
(Dollars in thousands) | December 31, 2024
2025 | $ | 289 |
2026 | 294 |
2027 | 299 |
2028 | 244 |
2029 | 230 |
Thereafter | 1,064 |
Total | $ | 2,420 |
Supplemental cash flow related to leases was as follows:
| Years Ended
(Dollars in thousands) | December 31, 2024 |  | December 31, 2023
Cash paid for operating leases | $ | 7,375 |  |  | $ | 8,131 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance 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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- 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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