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LEASES (Tables)
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Summary of balance sheet information related to operating leases
The Company had the following related to operating leases:
September 30, 2024December 31, 2023
(Dollars in thousands)
Right-of-use assets$24,190 $25,172 
Lease liabilities25,870 26,777 
Weighted average remaining lease term for operating leases9.6 years10.3 years
Weighted average discount rate used in the measurement of lease liabilities2.54 %2.40 %
Summary of lease cost
The following table is a summary of the Company’s components of net lease cost for the three and nine months ended September 30, 2024 and 2023. The variable lease cost primarily represents variable payments such as common area maintenance and utilities.
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(In thousands)
Operating lease cost$882 $873 $2,635 $2,588 
Finance lease cost— — — 4 
Variable lease cost75 75 233 202 
Total lease cost included as a component of occupancy and equipment$957 $948 $2,868 $2,794 
The following table presents supplemental cash flow information related to operating leases:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(In thousands)
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows from operating leases$923 $894 $2,792 $2,596 
Operating lease liabilities arising from obtaining right-of-use assets (non-cash):
Operating leases$311 $— $1,173 $2,088 
Summary of future undiscounted operating lease payments
Future undiscounted lease payments for operating leases with initial terms of one year or more as of September 30, 2024 are as follows:
Through September 30,
(In thousands)
2024$1,968 
20253,295 
20263,253 
20273,133 
20282,785 
Thereafter14,656 
Total undiscounted lease payments29,090
Less: imputed interest3,220 
Total$25,870