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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Operating and Finance Lease Right-of-use Assets and Lease Liabilities
The following table shows the balances of operating and finance lease right-of-use assets and lease liabilities as of December 31, 2021 and 2020.
(in thousands)December 31, 2021December 31, 2020
Operating leases:
Operating lease right-of-use assets$23,604 $25,612 
Operating lease liabilities25,429 27,062 
Finance leases:
Finance lease right-of-use assets499 365 
Accumulated amortization(93)(307)
Finance lease right-of-use assets, net1
$406 $58 
Finance lease liabilities2
$419 $58 
1 Included in premises and equipment in the consolidated statements of condition.
2 Included in borrowings and other obligations in the consolidated statements of condition.
Schedule of Components of Operating and Finance Lease Cost
The following table shows supplemental disclosures of noncash investing and financing activities for the years ended December 31, 2021, 2020 and 2019.
(in thousands)202120202019
Right-of-use assets obtained in exchange for operating lease liabilities$2,376 $18,633 $1,661 
Right-of-use assets obtained in exchange for finance lease liabilities$444 $18 $31 
Reclassification of deferred rent and unamortized lease incentives from other liabilities to operating lease right-of-use assets upon adoption of ASC 842$— $— $1,967 

The following table shows components of operating and finance lease cost for the years ended December 31, 2021, 2020 and 2019.
(in thousands)202120202019
Operating lease cost1
$4,823 $4,498 $4,144 
Variable lease cost— 5 — 
Total operating lease cost$4,823 $4,503 $4,144 
Finance lease cost:
Amortization of right-of-use assets2
$96 $169 $172 
Interest on finance lease liabilities3
2 3 8 
Total finance lease cost$98 $172 $180 
Total lease cost$4,921 $4,675 $4,324 
1 Included in occupancy and equipment expense in the consolidated statements of comprehensive income.
2 Included in depreciation and amortization in the consolidated statements of comprehensive income.
3 Included in interest on borrowings and other obligations in the consolidated statements of comprehensive income.
Schedule of Finance Lease Liability Maturities
The following table shows the future minimum lease payments, weighted average remaining lease terms, and weighted average discount rates under operating and finance lease arrangements as of December 31, 2021.
(in thousands)December 31, 2021
YearOperating LeasesFinance Leases
2022$5,203 $127 
20234,377 117 
20243,667 113 
20253,152 66 
20262,354 — 
Thereafter8,330 — 
Total minimum lease payments27,083 423 
Amounts representing interest (present value discount)(1,654)(4)
Present value of net minimum lease payments (lease liability)$25,429 $419 
Weighted average remaining term (in years)7.03.5
Weighted average discount rate1.69 %0.63 %