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LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
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)ClassificationJune 30, 2025December 31, 2024
ASSETS
Operating lease ROU assetsOther assets$33,110 $35,322 
LIABILITIES
Operating lease liabilitiesOther liabilities$36,575 $37,882 
Lease, Cost
The following table summarizes operating lease cost and its corresponding income statement location for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
(amounts in thousands)Classification2025202420252024
Operating lease cost (1)
Occupancy expenses$1,877 $1,300 $3,826 $2,485 
(1) There were no variable lease costs for the three and six months ended June 30, 2025 and 2024, 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 June 30, 2025:
(amounts in thousands)June 30, 2025
2025$3,174 
20266,647 
20276,161 
20285,546 
20294,802 
Thereafter17,171 
Total minimum payments43,501 
Less: interest
6,926 
Present value of lease liabilities$36,575 
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 June 30, 2025 and December 31, 2024:
June 30, 2025December 31, 2024
Weighted average remaining lease term (years)
Operating leases8.0 years8.2 years
Weighted average discount rate
Operating leases4.15 %4.22 %
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 June 30, 2025 and December 31, 2024:
(amounts in thousands)ClassificationJune 30, 2025December 31, 2024
ASSETS
Direct financing and sales-type leases
Lease receivablesLoans and leases receivable$250,112 $251,507 
Guaranteed residual assetsLoans and leases receivable26,977 24,045 
Unguaranteed residual assetsLoans and leases receivable11,513 10,463 
Deferred initial direct costsLoans and leases receivable1,329 1,352 
Unearned incomeLoans and leases receivable(25,592)(24,673)
Net investment in direct financing and sales-type leases
$264,339 $262,694 
Operating leases
Investment in operating leasesOther assets$331,187 $308,993 
Accumulated depreciationOther assets(98,189)(95,053)
Deferred initial direct costsOther assets1,061 978 
Net investment in operating leases234,059 214,918 
Total lease assets$498,398 $477,612 
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
Maturities of operating and direct financing and sales-type lease receivables were as follows at June 30, 2025:
(amounts in thousands)Operating leases
Direct financing and sales-type leases
2025$27,599 $40,990 
202656,305 65,940 
202743,816 57,294 
202867,332 38,480 
202929,261 26,264 
Thereafter44,460 21,144 
Total minimum payments$268,773 250,112 
Less: interest25,592 
Present value of lease receivables$224,520 
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity
Maturities of operating and direct financing and sales-type lease receivables were as follows at June 30, 2025:
(amounts in thousands)Operating leases
Direct financing and sales-type leases
2025$27,599 $40,990 
202656,305 65,940 
202743,816 57,294 
202867,332 38,480 
202929,261 26,264 
Thereafter44,460 21,144 
Total minimum payments$268,773 250,112 
Less: interest25,592 
Present value of lease receivables$224,520