Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

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

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

		December 31,
	Classification	2023			2022
Right-of-use assets:
Operating leases	Operating lease right-of-use assets	$	54,295		$	60,043
Finance leases	Premises and equipment, net	1,256			1,367
Total right-of-use assets		$	55,551		$	61,410
Lease liabilities:
Operating leases	Operating lease liabilities	$	67,643		$	69,754
Finance leases	Borrowings	1,326			1,420
Total lease liabilities		$	68,969		$	71,174
Weighted average remaining lease term (in years) -     operating		11.6			12.1
Weighted average remaining lease term (in years) -     finance		11.4			12.4
Weighted average discount rate - operating		3.39		%	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:

		Years Ended December 31,
	Classification	2023		2022		2021
Operating lease costs:
Amortization of right-of-use asset	Occupancy and equipment	$	8,516	$	8,441	$	7,636
Short-term lease cost	Occupancy and equipment	540		526		427
Variable lease cost	Occupancy and equipment	1,205		1,078		1,003
Loss (gain) on lease modifications    and terminations	(1)	1,770		346		(805)
Finance lease costs:
Interest on lease liabilities	Interest expense on borrowings	24		28		25
Amortization of right-of-use asset	Occupancy and equipment	111		120		101
Sublease income	Occupancy and equipment	(957)		(993)		(573)
Total lease cost		$	11,209	$	9,546	$	7,814

(1) Loss (gain) on lease modifications and terminations is included in “Occupancy and equipment” within the Company's consolidated statements of income for the years ended December 31, 2023 and 2021. For the year ended December 31, 2022, loss (gain) on lease modifications and terminations of $364 and $(18) is included in “Mortgage restructuring expense” and “Occupancy and equipment,” respectively, within the Company's consolidated statements of income.

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 December 31, 2023 is as follows:

	Operating		Finance
	Leases		Lease
Lease payments due:
December 31, 2024	$	8,453	$	120
December 31, 2025	8,448		121
December 31, 2026	8,328		123
December 31, 2027	7,878		125
December 31, 2028	6,979		127
Thereafter	44,147		850
Total undiscounted future minimum lease payments	84,233		1,466
Less: imputed interest	(16,590)		(140)
Lease liabilities	$	67,643	$	1,326

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 December 31, 2023 is as follows:

	Operating		Finance
	Leases		Lease
Lease payments due:
December 31, 2024	$	8,453	$	120
December 31, 2025	8,448		121
December 31, 2026	8,328		123
December 31, 2027	7,878		125
December 31, 2028	6,979		127
Thereafter	44,147		850
Total undiscounted future minimum lease payments	84,233		1,466
Less: imputed interest	(16,590)		(140)
Lease liabilities	$	67,643	$	1,326