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Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Right-of-Use Assets and Lease Liabilities
The following table represents the classification of the Company’s ROU assets and lease liabilities on the Consolidated Statements of Financial Condition (in thousands):
For the Year Ended
December 31, 2022December 31, 2021
Lease ROU AssetsClassification
Operating lease ROU assetsOther assets$19,055 $17,442 
Finance lease ROU assetPremises and equipment, net1,532 1,495 
Total lease ROU assets$20,587 $18,937 
Lease Liabilities
Operating lease liabilities (1)
Other liabilities$20,053 $17,982 
Finance lease liabilityOther borrowings1,934 1,904 
Total lease liabilities$21,987 $19,886 
(1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $7.7 million and $8.2 million as of December 31, 2022 and 2021, respectively.
Schedule of Weighted Average Remaining Lease Term and Discount Rate
December 31, 2022December 31, 2021
Weighted-Average Remaining Lease Term
Operating leases6.87 years8.22 years
Finance lease6.60 years7.59 years
Weighted-Average Discount Rate
Operating leases2.86 %2.97 %
Finance lease5.63 %5.63 %
Schedule of Lease Costs and Other Lease Information
The following table represents lease expenses and other lease information (in thousands):
For the Year Ended December 31,
202220212020
Lease Expense
Operating lease expense$5,000 $5,935 $6,438 
Finance lease expense:
Amortization of ROU assets207 199 174 
Interest on lease liabilities (1)
104 112 110 
Total$5,311 $6,246 $6,722 
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$4,466 $5,263 $6,298 
Operating cash flows from finance leases104 112 110 
Financing cash flows from finance leases214 195 187 
(1)Included in borrowed funds interest expense on the Consolidated Statements of Income. All other costs are included in occupancy expense on the Consolidated Statements of Income.
Future Minimum Payments for Finance Leases
Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of December 31, 2022 were as follows (in thousands):
Finance LeaseOperating Leases
For the Year Ending December 31,
2023$350 $4,333 
2024350 3,961 
2025350 3,741 
2026350 3,008 
2027350 2,027 
Thereafter559 5,348 
Total2,309 22,418 
Less: Imputed interest(375)(2,365)
Total lease liabilities$1,934 $20,053 
Future Minimum Payments for Operating Leases
Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of December 31, 2022 were as follows (in thousands):
Finance LeaseOperating Leases
For the Year Ending December 31,
2023$350 $4,333 
2024350 3,961 
2025350 3,741 
2026350 3,008 
2027350 2,027 
Thereafter559 5,348 
Total2,309 22,418 
Less: Imputed interest(375)(2,365)
Total lease liabilities$1,934 $20,053