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Leases (Tables)
 9 Months Ended
Sep. 30, 2023
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, 2023December 31, 2022
ASSETS
Operating lease ROU assetsOther assets$16,755 $16,133 
LIABILITIES
Operating lease liabilitiesOther liabilities$19,222 $19,046 
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)Classification2023202220232022
Operating lease cost (1)
Occupancy expenses$1,260 $1,137 $3,775 $3,352 
(1) There were no variable lease costs for the three and nine months ended September 30, 2023 and 2022, and sublease income for operating leases was immaterial.
Maturities of Non-cancelable Operating Lease Liabilities Maturities of non-cancelable operating lease liabilities were as follows at September 30, 2023:
(amounts in thousands)September 30, 2023
2023$1,334 
20244,786 
20253,745 
20262,977 
20272,469 
Thereafter5,625 
Total minimum payments20,936 
Less: interest1,714 
Present value of lease liabilities$19,222 
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, 2023 and December 31, 2022:
September 30, 2023December 31, 2022
Weighted average remaining lease term (years)
Operating leases
5.7 years
5.1 years
Weighted average discount rate
Operating leases3.24 %2.85 %
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, 2023 and December 31, 2022:
(amounts in thousands)ClassificationSeptember 30, 2023December 31, 2022
ASSETS
Direct financing leases
Lease receivablesLoans and leases receivable$175,931 $140,182 
Guaranteed residual assetsLoans and leases receivable14,211 12,370 
Unguaranteed residual assetsLoans and leases receivable9,551 7,555 
Deferred initial direct costsLoans and leases receivable977 667 
Unearned incomeLoans and leases receivable(6,840)(3,404)
Net investment in direct financing leases$193,830 $157,370 
Operating leases
Investment in operating leasesOther assets$264,595 $248,454 
Accumulated depreciationOther assets(72,512)(52,585)
Deferred initial direct costsOther assets1,270 1,461 
Net investment in operating leases193,353 197,330 
Total lease assets$387,183 $354,700 
Sales-type and Direct Financing Leases, Lease Receivable, Maturity Maturities of operating and direct financing lease receivables were as follows at September 30, 2023:
(amounts in thousands)Operating leasesDirect financing leases
2023$9,705 $11,562 
202438,612 46,214 
202534,976 36,992 
202639,906 29,175 
202729,824 24,254 
Thereafter69,025 28,840 
Total minimum payments$222,048 177,037 
Less: interest1,106 
Present value of lease receivables$175,931 
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity Maturities of operating and direct financing lease receivables were as follows at September 30, 2023:
(amounts in thousands)Operating leasesDirect financing leases
2023$9,705 $11,562 
202438,612 46,214 
202534,976 36,992 
202639,906 29,175 
202729,824 24,254 
Thereafter69,025 28,840 
Total minimum payments$222,048 177,037 
Less: interest1,106 
Present value of lease receivables$175,931