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Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Undrawn Loan Commitments and Standby Letters of Credit
The contractual amount of unfunded loan commitments and standby letters of credit not reflected in the consolidated statements of condition are as follows:
(in thousands)June 30, 2022December 31, 2021
Commercial lines of credit$318,400 $330,234 
Revolving home equity lines212,208 210,938 
Undisbursed construction loans48,671 78,381 
Personal and other lines of credit11,044 11,001 
Standby letters of credit2,150 3,657 
   Total commitments and standby letters of credit$592,473 $634,211 
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.
(in thousands)June 30, 2022December 31, 2021
Operating leases:
Operating lease right-of-use assets$22,353 $23,604 
Operating lease liabilities$24,117 $25,429 
Finance leases:
Finance lease right-of-use assets$499 $499 
Accumulated amortization(155)(93)
Finance lease right-of-use assets, net1
$344 $406 
Finance lease liabilities2
$356 $419 
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 periods presented.
Six months ended
(in thousands)June 30, 2022June 30, 2021
Right-of-use assets obtained in exchange for operating lease liabilities$1,124 $— 
Right-of-use assets obtained in exchange for finance lease liabilities$— $412 

The following table shows components of operating and finance lease cost.
Three months endedSix months ended
(in thousands)June 30, 2022June 30, 2021June 30, 2022June 30, 2021
Operating lease cost$1,295 $1,164 $2,579 $2,328 
Variable lease cost— — — — 
Total operating lease cost1
$1,295 $1,164 $2,579 $2,328 
Finance lease cost:
Amortization of right-of-use assets2
$31 $7 $62 $34 
Interest on finance lease liabilities3
— — 1 — 
Total finance lease cost$31 $7 $63 $34 
Total lease cost$1,326 $1,171 $2,642 $2,362 
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 Operating 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 June 30, 2022. Total minimum lease payments do not include obligations of approximately $1.7 million for an operating lease agreement related to a retail branch location that is expected to commence in the third quarter of 2022. The discount rates used to calculate the present value of lease liabilities were based on the collateralized FHLB borrowing rates that were commensurate with lease terms and minimum payments on the later of the date we adopted the new lease accounting standards or lease commencement date.
(in thousands)June 30, 2022
YearOperating LeasesFinance Leases
2022$2,701 $62 
20234,745 117 
20243,837 113 
20253,327 67 
20262,535 — 
Thereafter8,467 — 
Total minimum lease payments25,612 359 
Amounts representing interest (present value discount)(1,495)(3)
Present value of net minimum lease payments (lease liability)$24,117 $356 
Weighted average remaining term (in years)6.73.0
Weighted average discount rate1.68 %0.59 %
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 June 30, 2022. Total minimum lease payments do not include obligations of approximately $1.7 million for an operating lease agreement related to a retail branch location that is expected to commence in the third quarter of 2022. The discount rates used to calculate the present value of lease liabilities were based on the collateralized FHLB borrowing rates that were commensurate with lease terms and minimum payments on the later of the date we adopted the new lease accounting standards or lease commencement date.
(in thousands)June 30, 2022
YearOperating LeasesFinance Leases
2022$2,701 $62 
20234,745 117 
20243,837 113 
20253,327 67 
20262,535 — 
Thereafter8,467 — 
Total minimum lease payments25,612 359 
Amounts representing interest (present value discount)(1,495)(3)
Present value of net minimum lease payments (lease liability)$24,117 $356 
Weighted average remaining term (in years)6.73.0
Weighted average discount rate1.68 %0.59 %