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Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 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)September 30, 2024December 31, 2023
Commercial lines of credit$222,320 $259,989 
Revolving home equity lines210,657 218,935 
Undisbursed construction loans9,971 13,943 
Personal and other lines of credit8,237 9,136 
Standby letters of credit2,997 3,147 
   Total unfunded loan commitments and standby letters of credit$454,182 $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)September 30, 2024December 31, 2023
Operating leases:
Operating lease right-of-use assets$19,745 $20,316 
Operating lease liabilities$22,278 $22,906 
Finance leases:
Finance lease right-of-use assets$616 $608 
Accumulated amortization(430)(319)
Finance lease right-of-use assets, net1
$186 $289 
Finance lease liabilities 2
$193 $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.
Nine months ended
(in thousands)September 30, 2024September 30, 2023
Right-of-use assets obtained in exchange for operating lease liabilities
$2,737 $572 
Right-of-use assets obtained in exchange for finance lease liabilities$8 $7 
The following table shows components of operating and finance lease cost.

Three months endedNine months ended
(in thousands)September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Operating lease cost 1
$1,186 $1,289 $3,748 $4,221 
Finance lease cost:
Amortization of right-of-use assets 2
$37 $37 $111 $111 
Interest on finance lease liabilities 3
1 2 4 5 
Total finance lease cost$38 $39 $115 $116 
Total lease cost$1,224 $1,328 $3,863 $4,337 
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, 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)September 30, 2024
YearOperating LeasesFinance Leases
2024$1,212 $39 
20254,532 111 
20263,582 40 
20273,291 7 
20282,910 1 
Thereafter9,856 — 
Total minimum lease payments25,383 198 
Amounts representing interest (present value discount)(3,105)(5)
Present value of net minimum lease payments (lease liability)$22,278 $193 
Weighted average remaining term (in years)7.781.66
Weighted average discount rate2.81 %2.48 %
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, 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)September 30, 2024
YearOperating LeasesFinance Leases
2024$1,212 $39 
20254,532 111 
20263,582 40 
20273,291 7 
20282,910 1 
Thereafter9,856 — 
Total minimum lease payments25,383 198 
Amounts representing interest (present value discount)(3,105)(5)
Present value of net minimum lease payments (lease liability)$22,278 $193 
Weighted average remaining term (in years)7.781.66
Weighted average discount rate2.81 %2.48 %