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LEASES (Tables) | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Schedule Of Operating And Finance Lease Liabilities |
Leases |  | Classification |  | March 31, 2024 |  | December 31, 2023
Assets: |  |  |  |  |  |
Operating lease assets |  | Operating lease assets |  | $ | 35,775 |  |  | $ | 35,699 |
Finance lease assets |  | Premises and equipment, net (1) |  | 197 |  |  | 215 |
Total leased assets |  |  |  | $ | 35,972 |  |  | $ | 35,914 |
Liabilities: |  |  |  |  |  |
Operating lease liabilities |  | Operating lease liabilities |  | $ | 37,832 |  |  | $ | 37,650 |
Finance lease liabilities |  | Accrued interest payable and other liabilities |  | 271 |  |  | 294 |
Total leased liabilities |  |  |  | $ | 38,103 |  |  | $ | 37,944 |
(1) Finance lease assets are recorded net of accumulated amortization of $1.0 million as of March 31, 2024 and $1.0 million as of December 31, 2023.
Schedule Of Lease Cost | The components of the Corporation's net lease expense for the three months ended March 31, 2024 and 2023, respectively, were as follows:
|  |  |  | Three Months Ended March 31, |  |
Lease Cost |  | Classification |  | 2024 |  | 2023 |  |  |  |
Operating lease cost |  | Net occupancy expense |  | $ | 742 |  |  | $ | 697 |  |  |  |  |
Variable lease cost |  | Net occupancy expense |  | 27 |  |  | 22 |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |  |  |
Amortization of leased assets |  | Net occupancy expense |  | 18 |  |  | 18 |  |  |  |  |
Interest on lease liabilities |  | Interest expense - borrowed funds |  | 3 |  |  | 4 |  |  |  |  |
Sublease income (1) |  | Net occupancy expense |  | (24) |  |  | (23) |  |  |  |  |
Net lease cost |  |  |  | $ | 766 |  |  | $ | 718 |  |  |  |  |
(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 March 31, 2024:
Maturity of Lease Liabilities as of March 31, 2024 |  | Operating Leases (1) |  | Finance Leases |  | Total
2024 |  | $ | 1,922 |  |  | $ | 78 |  |  | $ | 2,000 |
2025 |  | 2,636 |  |  | 105 |  |  | 2,741 |
2026 |  | 2,627 |  |  | 105 |  |  | 2,732 |
2027 |  | 2,604 |  |  | — |  |  | 2,604 |
2028 |  | 2,625 |  |  | — |  | 2,625 |
After 2028 |  | 48,001 |  |  | — |  | 48,001 |
Total lease payments |  | 60,415 |  |  | 288 |  |  | 60,703 |
Less: Interest |  | 22,583 |  |  | 17 |  |  | 22,600 |
Present value of lease liabilities |  | $ | 37,832 |  |  | $ | 271 |  |  | $ | 38,103 |
(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $8.6 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 March 31, 2024:
Maturity of Lease Liabilities as of March 31, 2024 |  | Operating Leases (1) |  | Finance Leases |  | Total
2024 |  | $ | 1,922 |  |  | $ | 78 |  |  | $ | 2,000 |
2025 |  | 2,636 |  |  | 105 |  |  | 2,741 |
2026 |  | 2,627 |  |  | 105 |  |  | 2,732 |
2027 |  | 2,604 |  |  | — |  |  | 2,604 |
2028 |  | 2,625 |  |  | — |  | 2,625 |
After 2028 |  | 48,001 |  |  | — |  | 48,001 |
Total lease payments |  | 60,415 |  |  | 288 |  |  | 60,703 |
Less: Interest |  | 22,583 |  |  | 17 |  |  | 22,600 |
Present value of lease liabilities |  | $ | 37,832 |  |  | $ | 271 |  |  | $ | 38,103 |
(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $8.6 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 March 31, 2024 and December 31, 2023 were as follows:
Lease Term and Discount Rate |  | March 31, 2024 |  | December 31, 2023
Weighted-average remaining lease term (years) |  |  |  |
Operating leases |  | 22.7 |  | 23.0
Finance leases |  | 2.7 |  | 3.0
Weighted-average discount rate |  |  |  |
Operating leases |  | 4.06 | % |  | 4.05 | %
Finance leases |  | 4.49 | % |  | 4.49 | %
Other information related to the Corporation's lease liabilities as of March 31, 2024 and 2023, respectively, was as follows:
Other Information |  | March 31, 2024 |  | March 31, 2023
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows from operating leases |  | $ | 268 |  |  | $ | 307 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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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- 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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