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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2023
LEASES |
Schedule of components of lease costs | 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 | ​ | ​ | $ | — | ​
Schedule of remaining maturity of lease liabilities as well as the reconciliation of undiscounted lease payments to the discounted operating lease liabilities | ​ 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 | ​
​

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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