Leases (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Information Related to Company's Leases and Lease Expense

Information related to the Company's leases is presented below as of September 30, 2023 and December 31, 2022:


		September 30,			December 31,
	Classification	2023			2022
Right-of-use assets:
Operating leases	Operating lease right-of-use assets	$	56,240		$	60,043
Finance leases	Premises and equipment, net	1,284			1,367
Total right-of-use assets		$	57,524		$	61,410
Lease liabilities:
Operating leases	Operating lease liabilities	$	67,542		$	69,754
Finance leases	Borrowings	1,350			1,420
Total lease liabilities		$	68,892		$	71,174
Weighted average remaining lease term (in years) - operating		11.7			12.1
Weighted average remaining lease term (in years) - finance		11.6			12.4
Weighted average discount rate - operating		3.31		%	3.08		%
Weighted average discount rate - finance		1.76		%	1.76		%

The components of total lease expense included in the consolidated statements of income were as follows:


		Three Months Ended				Nine Months Ended
		September 30,				September 30,
	Classification	2023		2022		2023		2022
Operating lease costs:
Amortization of right-of-use asset	Occupancy and equipment	$	2,104	$	2,269	$	6,226	$	5,830
Short-term lease cost	Occupancy and equipment	133		132		397		387
Variable lease cost	Occupancy and equipment	238		215		862		764
Lease impairment	Mortgage restructuring expense	—		—		—		364
Gain on lease modifications and terminations	Occupancy and equipment	—		—		(73)		(18)
Finance lease costs:
Interest on lease liabilities	Interest expense on borrowings	6		7		18		22
Amortization of right-of-use asset	Occupancy and equipment	28		27		83		92

Sublease income	Occupancy and equipment	(254)		(371)		(750)		(747)
Total lease cost		$	2,255	$	2,279	$	6,763	$	6,694

Schedule of Maturity Analysis of Operating Lease Liabilities

A maturity analysis of operating and finance lease liabilities and a reconciliation of undiscounted cash flows to lease liabilities as of September 30, 2023 is as follows:


	Operating		Finance
	Leases		Lease
Lease payments due:
September 30, 2024	$	2,225	$	30
September 30, 2025	8,244		120
September 30, 2026	8,213		121
September 30, 2027	8,097		123
September 30, 2028	7,741		125
Thereafter	49,415		977
Total undiscounted future minimum lease payments	83,935		1,496
Less: imputed interest	(16,393)		(146)
Lease liabilities	$	67,542	$	1,350

Schedule of Maturity of Finance Lease Liabilities

A maturity analysis of operating and finance lease liabilities and a reconciliation of undiscounted cash flows to lease liabilities as of September 30, 2023 is as follows:


	Operating		Finance
	Leases		Lease
Lease payments due:
September 30, 2024	$	2,225	$	30
September 30, 2025	8,244		120
September 30, 2026	8,213		121
September 30, 2027	8,097		123
September 30, 2028	7,741		125
Thereafter	49,415		977
Total undiscounted future minimum lease payments	83,935		1,496
Less: imputed interest	(16,393)		(146)
Lease liabilities	$	67,542	$	1,350