v3.24.1.u1
Operating Leases
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Operating Leases Operating Leases
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)20242023
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
$— $195 
(1)    Included in Occupancy and Equipment on the Consolidated Statements of Income (Unaudited).
The Company used the incremental borrowing rate based on the information available at lease commencement in determining the present value of lease payments. The following table presents supplemental balance sheet information related to leases as of the dates indicated:
($ in thousands)March 31, 2024December 31, 2023
Operating leases:
Operating lease assets
$18,255 $18,913 
Operating lease liabilities
$19,555 $20,137 
Weighted-average remaining lease term
8.1 years8.3 years
Weighted-average discount rate
4.66 %4.63 %
The following table presents maturities of operating lease liabilities as of the date indicated:
($ in thousands)March 31, 2024
Maturities:
2024$2,564 
20253,301 
20262,932 
20272,543 
20282,416 
After 202810,695 
Total lease payment
24,451 
Imputed Interest
(4,896)
Present value of operating lease liabilities
$19,555