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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases  
Summary of Company's leases

Quarter ended September 30, 

Nine months ended September 30, 

2024

    

2023

    

2024

    

2023

(dollars in thousands)

Lease expense:

Operating leases

$

3,917

$

4,862

$

11,952

$

14,665

Short-term leases

66

114

234

351

Sublease income

(394)

(315)

(1,136)

(584)

Net lease expense included in Occupancy and equipment expense

$

3,589

$

4,661

$

11,050

$

14,432

Other information:

Payments for operating leases

$

5,093

$

7,617

$

15,053

$

19,217

Operating lease right-of-use assets recognized

$

1,388

$

1,166

$

1,388

$

2,893

Period end weighted averages:

Remaining lease term (in years)

3.7

4.4

Discount rate

4.0%

3.8%

Schedule of maturities of operating lease liabilities

Twelve months ended September 30,

Operating leases

(in thousands)

2025

$

20,285

2026

15,737

2027

9,066

2028

5,123

2029

4,339

Thereafter

3,981

Total lease payments

58,531

Less imputed interest

(5,531)

Operating lease liability included in Accounts payable and accrued expenses

$

53,000