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LEASES
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
LEASES LEASES
A lease provides the lessee the right to control the use of an identified asset for a period of time in exchange for consideration. The Company has primarily entered into operating leases for branches and office space. Most of the Company's leases contain renewal options, which the Company is reasonably certain to exercise. Including renewal options, the Company's leases range from 5 to 30 years. Operating lease right-of-use assets and lease liabilities are included in other assets and accrued interest and other liabilities on the Company's unaudited condensed consolidated balance sheets.
The Company uses its incremental borrowing rate to determine the present value of the lease payments, as the rate implicit in the Company's leases is not readily determinable. Lease agreements that contain non-lease components are generally accounted for as a single lease component, while variable costs, such as common area maintenance expenses and property taxes, are expensed as incurred.
The following table summarizes the Company's operating leases at June 30, 2023 and December 31, 2022:
June 30, 2023December 31, 2022
Operating lease ROU assets$11,274 $9,270 
Operating lease ROU liabilities12,022 9,976 
Weighted-average remaining lease term (in years)15.314.3
Weighted-average discount rate4.3 %4.1 %
The following table presents information related to the Company's operating leases for the three and six months ended June 30, 2023 and 2022:
Three Months EndedSix Months Ended
June 30, 2023June 30, 2022June 30, 2023June 30, 2022
Cash paid for operating lease liabilities$287 $295 $571 $589 
Operating lease expense302 349 611 743 
The following table presents expected future maturities of the Company's lease liabilities as of June 30, 2023:
2023$653 
20241,349 
20251,371 
20261,403 
20271,437 
Thereafter11,381 
17,594 
Less: imputed interest5,572 
Total lease liabilities$12,022