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Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2023
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)March 31, 2023December 31, 2022
Commercial lines of credit$266,082 $292,204 
Revolving home equity lines218,353 218,907 
Undisbursed construction loans32,471 43,179 
Personal and other lines of credit10,851 10,842 
Standby letters of credit1,720 1,738 
   Total unfunded loan commitments and standby letters of credit$529,477 $566,870 
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)March 31, 2023December 31, 2022
Operating leases:
Operating lease right-of-use assets$22,854 $24,821 
Operating lease liabilities$25,433 $26,639 
Finance leases:
Finance lease right-of-use assets$606 $616 
Accumulated amortization(214)(187)
Finance lease right-of-use assets, net1
$392 $429 
Finance lease liabilities2
$402 $439 
1 Included in premises and equipment in the consolidated statements of condition.
2 Included in borrowings and other obligations in the consolidated statements of condition.
Schedule of Components of Operating and Finance Lease Cost The following table shows supplemental disclosures of noncash investing and financing activities for the periods presented.
Three months ended
(in thousands)March 31, 2023March 31, 2022
Right-of-use assets obtained in exchange for operating lease liabilities$— $1,120 
The following table shows components of operating and finance lease cost.
Three months ended
(in thousands)March 31, 2023March 31, 2022
Operating lease cost$1,610 $1,284 
Variable lease cost— — 
Total operating lease cost1
$1,610 $1,284 
Finance lease cost:
Amortization of right-of-use assets2
$37 $31 
Interest on finance lease liabilities3
2 1 
Total finance lease cost$39 $32 
Total lease cost$1,649 $1,316 
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 March 31, 2023. 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)March 31, 2023
YearOperating LeasesFinance Leases
2023$3,997 $115 
20244,585 153 
20253,875 106 
20263,129 36 
20272,845 5 
Thereafter9,693 — 
Total minimum lease payments28,124 415 
Amounts representing interest (present value discount)(2,691)(13)
Present value of net minimum lease payments (lease liability)$25,433 $402 
Weighted average remaining term (in years)7.62.9
Weighted average discount rate2.27 %1.89 %
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 March 31, 2023. 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)March 31, 2023
YearOperating LeasesFinance Leases
2023$3,997 $115 
20244,585 153 
20253,875 106 
20263,129 36 
20272,845 5 
Thereafter9,693 — 
Total minimum lease payments28,124 415 
Amounts representing interest (present value discount)(2,691)(13)
Present value of net minimum lease payments (lease liability)$25,433 $402 
Weighted average remaining term (in years)7.62.9
Weighted average discount rate2.27 %1.89 %