Leases (Tables)

3 Months Ended

Mar. 31, 2025

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

Information related to the Company’s leases is presented below as of March 31, 2025 and December 31, 2024:


		March 31,			December 31,

	Classification	2025			2024
Right-of-use assets:
Operating leases	Operating lease right-of-use assets	$	47,381		$	47,963
Finance leases	Premises and equipment, net	1,118			1,145
Total right-of-use assets		$	48,499		$	49,108
Lease liabilities:
Operating leases	Operating lease liabilities	$	59,174		$	60,024
Finance leases	Borrowings	1,204			1,229
Total lease liabilities		$	60,378		$	61,253
Weighted average remaining lease term (in years) - operating		10.9			11.0
Weighted average remaining lease term (in years) - finance		10.1			10.4
Weighted average discount rate - operating		3.49		%	3.47		%
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 March 31,

	Classification		2025		2024
Operating lease costs:
Amortization of right-of-use asset	Occupancy and equipment		$	1,878	$	1,927
Short-term lease cost	Occupancy and equipment		85		97
Variable lease cost	Occupancy and equipment		494		336


Finance lease costs:
Interest on lease liabilities	Interest expense on borrowings		5		6
Amortization of right-of-use asset	Occupancy and equipment		28		28

Sublease income	Occupancy and equipment		(205)		(172)
Total lease cost			$	2,285	$	2,222

Schedule of Maturity Analysis of Operating Lease Liabilities

A maturity analysis of operating and finance lease liabilities and a reconciliation of cash flows to lease liabilities as of March 31, 2025 is as follows:


	Operating		Finance
	Leases		Lease
Lease payments due:
March 31, 2026	$	8,516	$	122
March 31, 2027	8,386		124
March 31, 2028	7,784		126
March 31, 2029	6,807		127
March 31, 2030	5,917		129
Thereafter	34,845		688
Total undiscounted future minimum lease payments	72,255		1,316
Less: imputed interest	(13,081)		(112)
Lease liabilities	$	59,174	$	1,204

Schedule of Maturity Analysis of Finance Lease Liabilities

A maturity analysis of operating and finance lease liabilities and a reconciliation of cash flows to lease liabilities as of March 31, 2025 is as follows:


	Operating		Finance
	Leases		Lease
Lease payments due:
March 31, 2026	$	8,516	$	122
March 31, 2027	8,386		124
March 31, 2028	7,784		126
March 31, 2029	6,807		127
March 31, 2030	5,917		129
Thereafter	34,845		688
Total undiscounted future minimum lease payments	72,255		1,316
Less: imputed interest	(13,081)		(112)
Lease liabilities	$	59,174	$	1,204