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Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2024
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, 2024December 31, 2023
Commercial lines of credit$250,602 $259,989 
Revolving home equity lines216,387 218,935 
Undisbursed construction loans10,176 13,943 
Personal and other lines of credit9,132 9,136 
Standby letters of credit3,147 3,147 
   Total unfunded loan commitments and standby letters of credit$489,444 $505,150 
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, 2024December 31, 2023
Operating leases:
Operating lease right-of-use assets$21,553 $20,316 
Operating lease liabilities$24,150 $22,906 
Finance leases:
Finance lease right-of-use assets$608 $608 
Accumulated amortization(356)(319)
Finance lease right-of-use assets, net1
$252 $289 
Finance lease liabilities 2
$260 $298 
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, 2024March 31, 2023
Right-of-use assets obtained in exchange for operating lease liabilities
$2,417 $— 

The following table shows components of operating and finance lease cost.
Three months ended
(in thousands)March 31, 2024March 31, 2023
Operating lease cost 1
$1,318 $1,610 
Finance lease cost:
Amortization of right-of-use assets 2
$37 $37 
Interest on finance lease liabilities 3
1 2 
Total finance lease cost$38 $39 
Total lease cost$1,356 $1,649 
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, 2024. 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, 2024
YearOperating LeasesFinance Leases
2024$3,630 $117 
20254,295 108 
20263,561 37 
20273,291 5 
20282,910 — 
Thereafter9,856 — 
Total minimum lease payments27,543 267 
Amounts representing interest (present value discount)(3,393)(7)
Present value of net minimum lease payments (lease liability)$24,150 $260 
Weighted average remaining term (in years)8.02.0
Weighted average discount rate2.72 %2.14 %
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, 2024. 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, 2024
YearOperating LeasesFinance Leases
2024$3,630 $117 
20254,295 108 
20263,561 37 
20273,291 5 
20282,910 — 
Thereafter9,856 — 
Total minimum lease payments27,543 267 
Amounts representing interest (present value discount)(3,393)(7)
Present value of net minimum lease payments (lease liability)$24,150 $260 
Weighted average remaining term (in years)8.02.0
Weighted average discount rate2.72 %2.14 %