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Leases (Tables)
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Lessee, Summary of Right-of-Use Assets and Lease Liabilities The following table summarizes operating lease ROU assets and operating lease liabilities and their corresponding balance sheet location:
(amounts in thousands)ClassificationSeptember 30, 2022December 31, 2021
ASSETS
Operating lease ROU assetsOther assets$16,827 $12,677 
LIABILITIES
Operating lease liabilitiesOther liabilities$19,720 $14,524 
Lease, Cost
The following table summarizes operating lease cost and its corresponding income statement location for the periods presented:
Three Months Ended September 30,Nine Months Ended September 30,
(amounts in thousands)Classification2022202120222021
Operating lease cost (1)
Occupancy expenses$1,137 $1,147 $3,352 $3,394 
(1) There were no variable lease costs for the three and nine months ended September 30, 2022 and 2021, and sublease income for operating leases is immaterial.
Maturities of Non-cancelable Operating Lease Liabilities Maturities of non-cancelable operating lease liabilities were as follows at September 30, 2022:
(amounts in thousands)September 30, 2022
2022$1,565 
20235,201 
20244,206 
20253,291 
20262,465 
Thereafter5,016 
Total minimum payments21,744 
Less: interest2,024 
Present value of lease liabilities$19,720 
Summary of Lease Term and Discount Rate for Operating Leases The following table summarizes the weighted average remaining lease term and discount rate for Customers' operating leases at September 30, 2022 and December 31, 2021:
September 30, 2022December 31, 2021
Weighted average remaining lease term (years)
Operating leases 5.2 years3.9 years
Weighted average discount rate
Operating leases2.89 %2.74 %
Lessor, Lease Receivables and Investment in Operating Leases and their Corresponding Balance Sheet Location The following table summarizes lease receivables and investment in operating leases and their corresponding balance sheet location at September 30, 2022 and December 31, 2021:
(amounts in thousands)ClassificationSeptember 30, 2022December 31, 2021
ASSETS
Direct financing leases
Lease receivablesLoans and leases receivable$131,731 $134,855 
Guaranteed residual assetsLoans and leases receivable11,854 11,397 
Unguaranteed residual assetsLoans and leases receivable6,347 5,665 
Deferred initial direct costsLoans and leases receivable566 448 
Unearned incomeLoans and leases receivable(4,929)(5,383)
Net investment in direct financing leases$145,569 $146,982 
Operating leases
Investment in operating leasesOther assets$241,079 $158,135 
Accumulated depreciationOther assets(54,009)(40,749)
Deferred initial direct costsOther assets1,535 872 
Net investment in operating leases188,605 118,258 
Total lease assets$334,174 $265,240