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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023December 31, 2022
Lease ROU AssetsClassification
Operating lease ROU assetsOther assets$18,979 $19,055 
Finance lease ROU assetPremises and equipment, net1,304 1,532 
Total lease ROU assets$20,283 $20,587 
Lease Liabilities
Operating lease liabilities (1)
Other liabilities$20,018 $20,053 
Finance lease liabilityOther borrowings1,685 1,934 
Total lease liabilities$21,703 $21,987 
(1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $5.9 million and $7.7 million as of December 31, 2023 and 2022, respectively.
Schedule of Weighted Average Remaining Lease Term and Discount Rate
December 31, 2023December 31, 2022
Weighted-Average Remaining Lease Term
Operating leases6.52 years6.87 years
Finance lease5.60 years6.60 years
Weighted-Average Discount Rate
Operating leases3.02 %2.86 %
Finance lease5.63 5.63 
Schedule of Lease Expenses and Other Lease Information
The following table represents lease expenses and other lease information (in thousands):
For the Year Ended December 31,
202320222021
Lease Expense
Operating lease expense$4,634 $5,000 $5,935 
Finance lease expense:
Amortization of ROU assets228 207 199 
Interest on lease liabilities (1)
101 104 112 
Total$4,963 $5,311 $6,246 
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$4,571 $4,466 $5,263 
Operating cash flows from finance leases101 104 112 
Financing cash flows from finance leases249 214 195 
(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.
Schedule of Future Minimum Payments for Finance Leases
Future minimum payments for the finance lease and operating leases with initial or remaining terms were as follows (in thousands):
Finance LeaseOperating Leases
For the Year Ending December 31,
2024$350 $4,376 
2025350 4,401 
2026350 3,833 
2027350 2,678 
2028350 1,524 
Thereafter209 5,544 
Total1,959 22,356 
Less: Imputed interest(274)(2,338)
Total lease liabilities$1,685 $20,018 
Schedule of Future Minimum Payments for Operating Leases
Future minimum payments for the finance lease and operating leases with initial or remaining terms were as follows (in thousands):
Finance LeaseOperating Leases
For the Year Ending December 31,
2024$350 $4,376 
2025350 4,401 
2026350 3,833 
2027350 2,678 
2028350 1,524 
Thereafter209 5,544 
Total1,959 22,356 
Less: Imputed interest(274)(2,338)
Total lease liabilities$1,685 $20,018