XML 55 R39.htm IDEA: XBRL DOCUMENT v3.22.4
Premises and Equipment (Tables)
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Schedule of premise and equipment
Premises and equipment at December 31 were as follows:
(In thousands)20222021
Land$8,063 $9,195 
Premises and equipment106,297 105,164 
Furniture, fixtures, and equipment87,619 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)202220212020
Premises$2,500 $2,599 $2,608 
Furniture, fixtures, and equipment5,138 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)202220212020
Operating lease cost$4,654 $4,939 $4,905 
Variable lease cost695 668 674 
Short-term lease cost
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)20222021
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 leases13.4513.68
Weighted-average discount rates on operating leases3.47 %3.53 %
Right-of-use assets obtained in exchange for lease liabilities2,498 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 
20243,919 
20253,622 
20263,511 
20273,172 
2028 and subsequent years25,987 
Total lease payments44,206 
Less: Interest9,705 
Present value of lease liabilities$34,501