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LEASES (Tables)
 9 Months Ended
Sep. 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)ClassificationSeptember 30, 2025December 31, 2024
ASSETS
Operating lease ROU assetsOther assets$34,667 $35,322 
LIABILITIES
Operating lease liabilitiesOther liabilities$40,253 $37,882 
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)Classification2025202420252024
Operating lease cost (1)
Occupancy expenses$1,787 $1,792 $5,612 $4,277 
(1) There were no variable lease costs for the three and nine months ended September 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 September 30, 2025:
(amounts in thousands)September 30, 2025
2025$1,901 
20267,623 
20277,167 
20286,520 
20295,558 
Thereafter18,625 
Total minimum payments47,394 
Less: interest
7,141 
Present value of lease liabilities$40,253 
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, 2025 and December 31, 2024:
September 30, 2025December 31, 2024
Weighted average remaining lease term (years)
Operating leases7.7 years8.2 years
Weighted average discount rate
Operating leases4.17 %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 September 30, 2025 and December 31, 2024:
(amounts in thousands)ClassificationSeptember 30, 2025December 31, 2024
ASSETS
Direct financing and sales-type leases
Lease receivablesLoans and leases receivable$258,481 $251,507 
Guaranteed residual assetsLoans and leases receivable27,732 24,045 
Unguaranteed residual assetsLoans and leases receivable11,490 10,463 
Deferred initial direct costsLoans and leases receivable1,426 1,352 
Unearned incomeLoans and leases receivable(26,996)(24,673)
Net investment in direct financing and sales-type leases
$272,133 $262,694 
Operating leases
Investment in operating leasesOther assets$358,600 $308,993 
Accumulated depreciationOther assets(100,211)(95,053)
Deferred initial direct costsOther assets994 978 
Net investment in operating leases259,383 214,918 
Total lease assets$531,516 $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 September 30, 2025:
(amounts in thousands)Operating leases
Direct financing and sales-type leases
2025$13,306 $29,028 
202659,693 68,057 
202751,897 60,662 
202875,736 41,889 
202939,758 29,668 
Thereafter56,493 29,177 
Total minimum payments$296,883 258,481 
Less: interest26,996 
Present value of lease receivables$231,485 
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 September 30, 2025:
(amounts in thousands)Operating leases
Direct financing and sales-type leases
2025$13,306 $29,028 
202659,693 68,057 
202751,897 60,662 
202875,736 41,889 
202939,758 29,668 
Thereafter56,493 29,177 
Total minimum payments$296,883 258,481 
Less: interest26,996 
Present value of lease receivables$231,485