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LEASES (Tables) | 6 Months Ended
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Jun. 30, 2023
Leases [Abstract] |
Schedule Of Operating And Finance Lease Liabilities |
Leases |  | Classification |  | June 30, 2023 |  | December 31, 2022
Assets: |  |  |  |  |  |
Operating lease assets |  | Operating lease assets |  | $ | 36,444 |  |  | $ | 32,307 |
Finance lease assets |  | Premises and equipment, net (1) |  | 250 |  |  | 286 |
Total leased assets |  |  |  | $ | 36,694 |  |  | $ | 32,593 |
Liabilities: |  |  |  |  |  |
Operating lease liabilities |  | Operating lease liabilities |  | $ | 38,182 |  |  | $ | 33,726 |
Finance lease liabilities |  | Accrued interest payable and other liabilities |  | 339 |  |  | 383 |
Total leased liabilities |  |  |  | $ | 38,521 |  |  | $ | 34,109 |
(1) Finance lease assets are recorded net of accumulated amortization of $966 thousand as of June 30, 2023 and $930 thousand as of December 31, 2022.
Schedule Of Lease Cost | The components of the Corporation's net lease expense for the three and six months ended June 30, 2023 and 2022, respectively, were as follows:
|  |  |  | Three Months Ended June 30, |  | Six Months Ended June 30,
Lease Cost |  | Classification |  | 2023 |  | 2022 |  | 2023 |  | 2022
Operating lease cost |  | Net occupancy expense |  | $ | 782 |  |  | $ | 566 |  |  | $ | 1,479 |  |  | $ | 1,058 |
Variable lease cost |  | Net occupancy expense |  | 22 |  |  | 17 |  |  | 44 |  |  | 30 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |
Amortization of leased assets |  | Net occupancy expense |  | 18 |  |  | 18 |  |  | 36 |  |  | 36 |
Interest on lease liabilities |  | Interest expense - borrowed funds |  | 4 |  |  | 5 |  |  | 8 |  |  | 10 |
Sublease income (1) |  | Net occupancy expense |  | (23) |  |  | (17) |  |  | (46) |  |  | (33) |
Net lease cost |  |  |  | $ | 803 |  |  | $ | 589 |  |  | $ | 1,521 |  |  | $ | 1,101 |
(1) Sublease income excludes rental income from owned properties.
Schedule of Finance Lease, Liability, Maturity | The following table sets forth future minimum rental payments under noncancellable leases with initial terms in excess of one year as of June 30, 2023:
Maturity of Lease Liabilities as of June 30, 2023 |  | Operating Leases (1) |  | Finance Leases |  | Total
2023 |  | $ | 1,276 |  |  | $ | 52 |  |  | $ | 1,328 |
2024 |  | 2,559 |  |  | 105 |  |  | 2,664 |
2025 |  | 2,579 |  |  | 105 |  |  | 2,684 |
2026 |  | 2,567 |  |  | 105 |  |  | 2,672 |
2027 |  | 2,543 |  |  | — |  | 2,543 |
After 2027 |  | 50,239 |  |  | — |  | 50,239 |
Total lease payments |  | 61,763 |  |  | 367 |  |  | 62,130 |
Less: Interest |  | 23,581 |  |  | 28 |  |  | 23,609 |
Present value of lease liabilities |  | $ | 38,182 |  |  | $ | 339 |  |  | $ | 38,521 |
(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $4.8 million of legally binding minimum lease payments for leases signed, but not yet commenced.
Schedule of Minimum Annual Rental Commitments Under Operating Lease | The following table sets forth future minimum rental payments under noncancellable leases with initial terms in excess of one year as of June 30, 2023:
Maturity of Lease Liabilities as of June 30, 2023 |  | Operating Leases (1) |  | Finance Leases |  | Total
2023 |  | $ | 1,276 |  |  | $ | 52 |  |  | $ | 1,328 |
2024 |  | 2,559 |  |  | 105 |  |  | 2,664 |
2025 |  | 2,579 |  |  | 105 |  |  | 2,684 |
2026 |  | 2,567 |  |  | 105 |  |  | 2,672 |
2027 |  | 2,543 |  |  | — |  | 2,543 |
After 2027 |  | 50,239 |  |  | — |  | 50,239 |
Total lease payments |  | 61,763 |  |  | 367 |  |  | 62,130 |
Less: Interest |  | 23,581 |  |  | 28 |  |  | 23,609 |
Present value of lease liabilities |  | $ | 38,182 |  |  | $ | 339 |  |  | $ | 38,521 |
(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $4.8 million of legally binding minimum lease payments for leases signed, but not yet commenced.
Schedule of Weighted Average Lease Term and Discount Rate | Lease terms and discount rates related to the Corporation's lease liabilities as of June 30, 2023 and December 31, 2022 were as follows:
Lease Term and Discount Rate |  | June 30, 2023 |  | December 31, 2022
Weighted-average remaining lease term (years) |  |  |  |
Operating leases |  | 23.3 |  | 23.9
Finance leases |  | 3.5 |  | 4.0
Weighted-average discount rate |  |  |  |
Operating leases |  | 4.05 | % |  | 3.83 | %
Finance leases |  | 4.49 | % |  | 4.49 | %
Other information related to the Corporation's lease liabilities as of June 30, 2023 and 2022, respectively, was as follows:
Other Information |  | June 30, 2023 |  | June 30, 2022
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows from operating leases |  | $ | 603 |  |  | $ | 581 |

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