Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Schedule of Lease Costs and Other Lease Information

The following table presents lease costs and other lease information.

	Three Months Ended								Nine Months Ended
(dollars in thousands)	September 30, 2023				September 30, 2022				September 30, 2023		September 30, 2022
Lease cost
Operating lease cost (cost resulting from lease payments)	$	1,604			$	1,757			$	4,987	$	5,418
Variable lease cost (cost excluded from lease payments)	245				270				754		781
Sublease income	(30)				(30)				(89)		(212)
Net lease cost	$	1,819			$	1,997			$	5,652	$	5,987
Operating lease - operating cash flows (fixed payments)	$	1,760			$	1,809			$	5,433	$	5,551
(dollars in thousands)	September 30, 2023				December 31, 2022
Operating lease right-of-use assets	$	20,151			$	24,544
Operating lease liabilities	$	24,422			$	29,267
Weighted average lease term - operating leases	5.04			yrs	5.50			yrs
Weighted average discount rate - operating leases	2.79		%		2.91		%

Schedule of Future Minimum Payments for Operating Leases

Future minimum payments for operating leases with initial or remaining terms of more than one year as of September 30, 2023 were as follows:

(dollars in thousands)
Twelve months ended:
September 30, 2024	$	1,765
September 30, 2025	6,880
September 30, 2026	5,987
September 30, 2027	2,894
September 30, 2028	2,502
Thereafter	5,776
Total future minimum lease payments	25,804
Amounts representing interest	(1,382)
Present value of net future minimum lease payments	$	24,422