v3.24.1.u1

Operating Leases (Tables) | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Operating Lease Cost and Supplemental Information | The following table presents operating lease cost and supplemental cash flow information related to leases for the periods indicated:
|  | Three Months Ended March 31, |  |
($ in thousands) |  | 2024 |  | 2023 |  |  |  |
Operating lease cost (1) |  | $ | 943 |  |  | $ | 743 |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 875 |  |  | $ | 810 |  |  |  |  |
Right of use assets obtained in exchange for lease obligations |  | $ | — |  |  | $ | 195 |  |  |  |  |
(1) Included in Occupancy and Equipment on the Consolidated Statements of Income (Unaudited). The following table presents supplemental balance sheet information related to leases as of the dates indicated:
($ in thousands) |  | March 31, 2024 |  | December 31, 2023
Operating leases: |  |  |  |
Operating lease assets |  | $ | 18,255 |  |  | $ | 18,913 |
Operating lease liabilities |  | $ | 19,555 |  |  | $ | 20,137 |
Weighted-average remaining lease term |  | 8.1 years |  | 8.3 years
Weighted-average discount rate |  | 4.66 | % |  | 4.63 | %
Maturities of Operating Lease Liabilities | The following table presents maturities of operating lease liabilities as of the date indicated:
($ in thousands) |  | March 31, 2024
Maturities: |  |
2024 |  | $ | 2,564 |
2025 |  | 3,301 |
2026 |  | 2,932 |
2027 |  | 2,543 |
2028 |  | 2,416 |
After 2028 |  | 10,695 |
Total lease payment |  | 24,451 |
Imputed Interest |  | (4,896) |
Present value of operating lease liabilities |  | $ | 19,555 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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