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Premises and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
Schedule of premise and equipment | Premises and equipment at December 31 were as follows:
(In thousands) | 2022 | 2021
Land | $ | 8,063 |  | $ | 9,195 |
Premises and equipment | 106,297 |  | 105,164 |
Furniture, fixtures, and equipment | 87,619 |  | 83,803 |
Accumulated depreciation and amortization | (119,839) |  | (112,746) |
Total | $ | 82,140 |  | $ | 85,416 |
Schedule of depreciation and amortization | Depreciation and amortization expenses in 2022, 2021, and 2020 are included in operating expenses as follows:
(In thousands) | 2022 | 2021 | 2020
Premises | $ | 2,500 |  | $ | 2,599 |  | $ | 2,608 |
Furniture, fixtures, and equipment | 5,138 |  | 5,367 |  | 5,225 |
Total | $ | 7,638 |  | $ | 7,966 |  | $ | 7,833 |
Schedule of components of operating lease expense | The components of operating lease expense, primarily included in “Net occupancy expense of premises,” in 2022, 2021, and 2020 were as follows:
(In thousands) | 2022 | 2021 | 2020
Operating lease cost | $ | 4,654 |  | $ | 4,939 |  | $ | 4,905 |
Variable lease cost | 695 |  | 668 |  | 674 |
Short-term lease cost | 2 |  | 2 |  | 5 |
Sublease income | (11) |  | (25) |  | (32) |
Total lease cost | $ | 5,340 |  | $ | 5,584 |  | $ | 5,552 |
Other information related to operating leases for 2022 and 2021 was as follows:
(In thousands) | 2022 | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases | $ | 4,389 |  | $ | 6,482 |
Weighted-average remaining lease term on operating leases | 13.45 | 13.68
Weighted-average discount rates on operating leases | 3.47 | % | 3.53 | %
Right-of-use assets obtained in exchange for lease liabilities | 2,498 |  | 2,280 |
Schedule of future minimum lease payments | The following table reconciles future undiscounted lease payments due under non-cancelable operating leases (those amounts subject to recognition) to the aggregate operating lessee lease liability as of December 31, 2022:
(In thousands) | December 31, 2022
2023 | $ | 3,995 |
2024 | 3,919 |
2025 | 3,622 |
2026 | 3,511 |
2027 | 3,172 |
2028 and subsequent years | 25,987 |
Total lease payments | 44,206 |
Less: Interest | 9,705 |
Present value of lease liabilities | $ | 34,501 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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