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Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 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)June 30, 2023December 31, 2022
Commercial lines of credit$236,895 $292,204 
Revolving home equity lines219,144 218,907 
Undisbursed construction loans22,683 43,179 
Personal and other lines of credit9,701 10,842 
Standby letters of credit1,157 1,738 
   Total unfunded loan commitments and standby letters of credit$489,580 $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)June 30, 2023December 31, 2022
Operating leases:
Operating lease right-of-use assets$22,739 $24,821 
Operating lease liabilities$25,220 $26,639 
Finance leases:
Finance lease right-of-use assets$608 $616 
Accumulated amortization(245)(187)
Finance lease right-of-use assets, net1
$363 $429 
Finance lease liabilities2
$372 $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.
Six months ended
(in thousands)June 30, 2023June 30, 2022
Right-of-use assets obtained in exchange for operating lease liabilities, net of tenant improvement allowances received$572 $1,124 
Right-of-use assets obtained in exchange for finance lease liabilities$7 $— 


The following table shows components of operating and finance lease cost.
Three months endedSix months ended
(in thousands)June 30, 2023June 30, 2022June 30, 2023June 30, 2022
Operating lease cost$1,322 $1,295 $2,932 $2,579 
Variable lease cost— — — — 
Total operating lease cost1
$1,322 $1,295 $2,932 $2,579 
Finance lease cost:
Amortization of right-of-use assets2
$37 $31 $74 $62 
Interest on finance lease liabilities3
2 4 1 
Total finance lease cost$39 $31 $78 $63 
Total lease cost$1,361 $1,326 $3,010 $2,642 
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, 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)June 30, 2023
YearOperating LeasesFinance Leases
2023$2,587 $78 
20244,753 155 
20254,112 108 
20263,373 37 
20273,097 5 
Thereafter10,017 — 
Total minimum lease payments27,939 383 
Amounts representing interest (present value discount)(2,719)(11)
Present value of net minimum lease payments (lease liability)$25,220 $372 
Weighted average remaining term (in years)7.52.6
Weighted average discount rate2.36 %1.97 %
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, 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)June 30, 2023
YearOperating LeasesFinance Leases
2023$2,587 $78 
20244,753 155 
20254,112 108 
20263,373 37 
20273,097 5 
Thereafter10,017 — 
Total minimum lease payments27,939 383 
Amounts representing interest (present value discount)(2,719)(11)
Present value of net minimum lease payments (lease liability)$25,220 $372 
Weighted average remaining term (in years)7.52.6
Weighted average discount rate2.36 %1.97 %