XML 32 R23.htm IDEA: XBRL DOCUMENT v3.22.2.2
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 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)September 30, 2022December 31, 2021
Commercial lines of credit$283,731 $330,234 
Revolving home equity lines216,632 210,938 
Undisbursed construction loans47,795 78,381 
Personal and other lines of credit11,556 11,001 
Standby letters of credit1,978 3,657 
   Total commitments and standby letters of credit$561,692 $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)September 30, 2022December 31, 2021
Operating leases:
Operating lease right-of-use assets$25,006 $23,604 
Operating lease liabilities$26,744 $25,429 
Finance leases:
Finance lease right-of-use assets$512 $499 
Accumulated amortization(158)(93)
Finance lease right-of-use assets, net1
$354 $406 
Finance lease liabilities2
$365 $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.
Nine months ended
(in thousands)September 30, 2022September 30, 2021
Right-of-use assets obtained in exchange for operating lease liabilities$4,989 $2,376 
Right-of-use assets obtained in exchange for finance lease liabilities$41 $444 

The following table shows components of operating and finance lease cost.
Three months endedNine months ended
(in thousands)September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Operating lease cost$1,328 $1,216 $3,907 $3,543 
Variable lease cost— — — — 
Total operating lease cost1
$1,328 $1,216 $3,907 $3,543 
Finance lease cost:
Amortization of right-of-use assets2
$31 $31 $93 $65 
Interest on finance lease liabilities3
Total finance lease cost$32 $32 $95 $66 
Total lease cost$1,360 $1,248 $4,002 $3,609 
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 September 30, 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 lease commencement date.
(in thousands)September 30, 2022
YearOperating LeasesFinance Leases
2022$1,369 $32 
20235,236 125 
20244,412 123 
20253,676 76 
20262,888 10 
Thereafter11,938 
Total minimum lease payments29,519 371 
Amounts representing interest (present value discount)(2,775)(6)
Present value of net minimum lease payments (lease liability)$26,744 $365 
Weighted average remaining term (in years)7.83.1
Weighted average discount rate2.13 %0.94 %
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 September 30, 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 lease commencement date.
(in thousands)September 30, 2022
YearOperating LeasesFinance Leases
2022$1,369 $32 
20235,236 125 
20244,412 123 
20253,676 76 
20262,888 10 
Thereafter11,938 
Total minimum lease payments29,519 371 
Amounts representing interest (present value discount)(2,775)(6)
Present value of net minimum lease payments (lease liability)$26,744 $365 
Weighted average remaining term (in years)7.83.1
Weighted average discount rate2.13 %0.94 %