Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows for the year ended December 31 (dollars in thousands):

	2022		2021
Operating lease cost:
Fixed lease cost (Other operating expenses)	$	4,986	$	4,970
Variable lease cost (Other operating expenses)		1,567		1,180
Total operating lease cost	$	6,553	$	6,150
Finance lease cost:
Amortization of ROU asset (Depreciation and amortization)	$	3,641	$	3,641
Interest on lease liabilities (Interest expense)		2,375		2,522
Total finance lease cost	$	6,016	$	6,163

Summary of Supplemental Cash Flow Information related to Leases

Supplemental cash flow information related to leases was as follows for the year ended December 31 (dollars in thousands):

	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows:
Operating lease payments	$	4,828	$	4,805
Interest on finance lease		2,375		2,522
Total operating cash outflows	$	7,203	$	7,327
Finance cash outflows:
Principal payments on finance lease	$	3,085	$	2,935

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows for December 31 (dollars in thousands):

	December 31,			December 31,
	2022			2021
Operating Leases
Operating lease ROU assets (Other property and investments-net    and other non-current assets)	$	68,238		$	70,133
Other current liabilities	$	4,349		$	4,301
Other non-current liabilities and deferred credits		64,284			66,068
Total operating lease liabilities	$	68,633		$	70,369
Finance Leases
Finance lease ROU assets (Other property and investments-net    and other non-current assets)	$	40,056		$	43,697
Other current liabilities	$	3,235		$	3,085
Other non-current liabilities and deferred credits		42,495			45,730
Total finance lease liabilities	$	45,730		$	48,815
Weighted Average Remaining Lease Term
Operating leases	23.28 years			24.22 years
Finance leases	5.42 years			6.32 years
Weighted Average Discount Rate
Operating leases		4.28	%		4.28	%
Finance leases		4.07	%		4.35	%

Summary of Maturities of Lease Liabilities

Maturities of lease liabilities (including principal and interest) were as follows as of December 31, 2022 (dollars in thousands):

	Operating Leases			Finance Leases
2023	$	4,850		$	5,456
2024		4,877			5,459
2025		4,884			5,454
2026		4,869			5,456
2027		4,880			5,458
Thereafter		86,991			32,748
Total lease payments	$	111,351		$	60,031
Less: imputed interest		(42,718	)		(14,301	)
Total	$	68,633		$	45,730

Maturities of lease liabilities (including principal and interest) were as follows as of December 31, 2021 (dollars in thousands):

	Operating Leases			Finance Leases
2022	$	4,820		$	5,460
2023		4,849			5,456
2024		4,875			5,459
2025		4,882			5,454
2026		4,867			5,456
Thereafter		91,845			38,204
Total lease payments	$	116,138		$	65,489
Less: imputed interest		(45,769	)		(16,674	)
Total	$	70,369		$	48,815

Summary of Maturities of Lease Liabilities

Maturities of lease liabilities (including principal and interest) were as follows as of December 31, 2022 (dollars in thousands):

	Operating Leases			Finance Leases
2023	$	4,850		$	5,456
2024		4,877			5,459
2025		4,884			5,454
2026		4,869			5,456
2027		4,880			5,458
Thereafter		86,991			32,748
Total lease payments	$	111,351		$	60,031
Less: imputed interest		(42,718	)		(14,301	)
Total	$	68,633		$	45,730

Maturities of lease liabilities (including principal and interest) were as follows as of December 31, 2021 (dollars in thousands):

	Operating Leases			Finance Leases
2022	$	4,820		$	5,460
2023		4,849			5,456
2024		4,875			5,459
2025		4,882			5,454
2026		4,867			5,456
Thereafter		91,845			38,204
Total lease payments	$	116,138		$	65,489
Less: imputed interest		(45,769	)		(16,674	)
Total	$	70,369		$	48,815