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LEASES | 12 Months Ended
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Dec. 31, 2023
LEASES |
LEASES | NOTE 6 — LEASES The Company leases its corporate office, banking centers and loan production offices. The following tables present the Company’s lease cost and other information related to its operating leases (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | At December 31, | ​
​ | ​ | ​ | 2023 | ​ | ​ | ​ | 2022 | ​
Supplemental balance sheet information: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease assets | ​ | $ | 42,245 | ​ | ​ | $ | 44,339 | ​
Lease liabilities | ​ | $ | 46,430 | ​ | ​ | $ | 48,364 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average remaining lease term in years | ​ |  | 10.5 | ​ | ​ |  | 11.2 | ​
Weighted average discount rate | ​ |  | 2.44 | % | ​ |  | 2.26 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Components of lease cost: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease cost | ​ | $ | 5,290 | ​ | ​ | $ | 5,405 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Supplemental cash flow information: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating cash outflows from operating leases | ​ | $ | 5,191 | ​ | ​ | $ | 4,864 | ​
Non-cash activity related to lease assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease assets obtained from new operating lease liabilities | ​ | $ | 2,036 | ​ | ​ | $ | — | ​
​ The following table presents the remaining maturity of lease liabilities as well as the reconciliation of undiscounted lease payments to the discounted operating lease liabilities (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | At December 31, | ​
​ | ​ | ​ | 2023 | ​ | ​ | ​ | 2022 | ​
Lease liabilities maturing in: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2024 | ​ | $ | 5,012 | ​ | ​ | $ | 5,202 | ​
2025 | ​ |  | 5,257 | ​ | ​ |  | 4,976 | ​
2026 | ​ |  | 5,274 | ​ | ​ |  | 4,990 | ​
2027 | ​ |  | 4,899 | ​ | ​ |  | 5,008 | ​
2028 | ​ | ​ | 4,486 | ​ | ​ | ​ | 4,632 | ​
Thereafter | ​ | ​ | 27,953 | ​ | ​ | ​ | 30,276 | ​
Total | ​ | $ | 52,881 | ​ | ​ | $ | 55,084 | ​
Less: Present value discount | ​ | ​ | (6,451) | ​ | ​ | ​ | (6,720) | ​
Total lease liabilities | ​ | $ | 46,430 | ​ | ​ | $ | 48,364 | ​
​ Total rent expense for the year ended December 31, 2021 was $4.9 million.

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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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