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Leases Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Summary of lease cost | The following ROU assets and lease liabilities have been reported within other assets and other liabilities on the consolidated statements of condition as of the dates indicated:
|  |  |  | December 31,
|  |  |  | 2023 |  | 2022
(In thousands) |  | Consolidated Statements of Condition Line Item |  | Operating Leases |  | Finance Leases |  | Total |  | Operating Leases |  | Finance Leases |  | Total
ROU assets |  | Other Assets |  | $ | 11,497 |  |  | $ | 4,252 |  |  | $ | 15,749 |  |  | $ | 12,324 |  |  | $ | 4,485 |  |  | $ | 16,809 |
Lease liabilities |  | Other Liabilities |  | 9,978 |  |  | 4,449 |  |  | 14,427 |  |  | 10,718 |  |  | 4,616 |  |  | 15,334 |
In accordance with ASC 842, the components of lease expense for the periods indicated were as follows:
|  | For the Year Ended December 31,
(In thousands) |  | 2023 |  | 2022 |  | 2021
Operating lease cost(1) |  | $ | 1,531 |  |  | $ | 1,488 |  |  | $ | 1,474 |
Finance lease cost: |  |  |  |  |  |
Amortization of ROU assets |  | 233 |  |  | 233 |  |  | 233 |
Interest on lease liabilities(2) |  | 147 |  |  | 150 |  |  | 154 |
Total finance lease cost |  | 380 |  |  | 383 |  |  | 387 |
Total lease cost(3) |  | $ | 1,911 |  |  | $ | 1,871 |  |  | $ | 1,861 |
(1) Includes immaterial short-term and variable lease costs, but excludes common area maintenance costs. (2) Includes immaterial variable lease costs. (3) Reported within net occupancy costs on the consolidated statements of income.
Supplemental Cash Flow And Balance Sheet Information | Supplemental cash flow information and non-cash activity related to leases was as follows for the periods indicated:
|  | For the Year Ended December 31,
(In thousands) |  | 2023 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 1,387 |  |  | $ | 1,391 |  |  | $ | 1,355 |
Operating cash flows from finance leases |  | 144 |  |  | 149 |  |  | 154 |
Financing cash flows from finance leases |  | 168 |  |  | 160 |  |  | 152 |
ROU assets obtained in exchange for new lease obligations: |  |  |  |  |  |
Operating leases |  | $ | 165 |  |  | $ | 764 |  |  | $ | 106 |
Finance leases |  | — |  |  | — |  |  | — |
Supplemental information related to leases was as follows as of the dates indicated:
|  | December 31,
|  | 2023 |  | 2022
Weighted average remaining lease term: |  |  |  |
Operating leases |  | 13.2 years |  | 13.9 years
Finance leases |  | 25.3 years |  | 25.8 years
Weighted average discount rate: |  |  |  |
Operating leases |  | 3.41 | % |  | 3.44 | %
Finance leases |  | 3.45 | % |  | 3.44 | %
Schedule of operating lease liability maturity | The following summarizes the remaining scheduled future minimum lease payments for operating and finance leases as of December 31, 2023:
(In thousands) |  | Operating Leases |  | Finance Leases
2024 |  | $ | 1,370 |  |  | $ | 314 |
2025 |  | 1,180 |  |  | 317 |
2026 |  | 1,104 |  |  | 236 |
2027 |  | 1,020 |  |  | 211 |
2028 |  | 771 |  |  | 214 |
Thereafter |  | 6,984 |  |  | 5,518 |
Total minimum lease payments |  | 12,429 |  |  | 6,810 |
Less: amount representing interest(1) |  | 2,451 |  |  | 2,361 |
Present value of net minimum lease payments(2) |  | $ | 9,978 |  |  | $ | 4,449 |
(1) Amount necessary to reduce net minimum lease payments to present value calculated at the Company's incremental borrowing rate. (2) Reflects the liability reported within other liabilities on the consolidated statements of condition.
Schedule of finance lease liability maturity | The following summarizes the remaining scheduled future minimum lease payments for operating and finance leases as of December 31, 2023:
(In thousands) |  | Operating Leases |  | Finance Leases
2024 |  | $ | 1,370 |  |  | $ | 314 |
2025 |  | 1,180 |  |  | 317 |
2026 |  | 1,104 |  |  | 236 |
2027 |  | 1,020 |  |  | 211 |
2028 |  | 771 |  |  | 214 |
Thereafter |  | 6,984 |  |  | 5,518 |
Total minimum lease payments |  | 12,429 |  |  | 6,810 |
Less: amount representing interest(1) |  | 2,451 |  |  | 2,361 |
Present value of net minimum lease payments(2) |  | $ | 9,978 |  |  | $ | 4,449 |
(1) Amount necessary to reduce net minimum lease payments to present value calculated at the Company's incremental borrowing rate. (2) Reflects the liability reported within other liabilities on the consolidated statements of condition.

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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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- 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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