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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2022
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, 2022 and 2021.
(in thousands)December 31, 2022December 31, 2021
Operating leases:
Operating lease right-of-use assets$24,821 $23,604 
Operating lease liabilities26,639 25,429 
Finance leases:
Finance lease right-of-use assets616 499 
Accumulated amortization(187)(93)
Finance lease right-of-use assets, net1
$429 $406 
Finance lease liabilities2
$439 $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 years ended December 31, 2022, 2021 and 2020.
(in thousands)202220212020
Right-of-use assets obtained in exchange for operating lease liabilities$6,116 $2,376 $18,633 
Right-of-use assets obtained in exchange for finance lease liabilities$151 $444 $18 

The following table shows components of operating and finance lease cost for the years ended December 31, 2022, 2021 and 2020.
(in thousands)202220212020
Operating lease cost1
$5,356 $4,823 $4,498 
Variable lease cost— — 5 
Total operating lease cost$5,356 $4,823 $4,503 
Finance lease cost:
Amortization of right-of-use assets2
$127 $96 $169 
Interest on finance lease liabilities3
3 2 3 
Total finance lease cost$130 $98 $172 
Total lease cost$5,486 $4,921 $4,675 
1 Included in occupancy and equipment expense in the consolidated statements of comprehensive (loss) income.
2 Included in depreciation and amortization in the consolidated statements of comprehensive (loss) income.
3 Included in interest on borrowings and other obligations in the consolidated statements of comprehensive (loss) 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, 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)December 31, 2022
YearOperating LeasesFinance Leases
2023$5,343 $154 
20244,585 153 
20253,875 106 
20263,129 36 
20272,845 5 
Thereafter9,693 — 
Total minimum lease payments29,470 454 
Amounts representing interest (present value discount)(2,831)(15)
Present value of net minimum lease payments (lease liability)$26,639 $439 
Weighted average remaining term (in years)7.73.1
Weighted average discount rate2.26 %1.86 %