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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
The maturities of operating leases are included in the table below.

(in thousands)
Operating Leases(1)
2024$6,290 
20254,434 
20263,833 
20273,609 
20283,303 
After 202812,624 
Total lease payments$34,093 
Less: Interest7,199 
Present value of lease liabilities$26,894 
        (1) Excludes $743 thousand of legally binding minimum lease payments for operating leases signed but not yet commenced.
Lease, Cost [Table Text Block]
The following table presents the average lease term and discount rate of operating leases.

December 31, 2023December 31, 2022
Weighted-average remaining lease term9.9 years10.6 years
Weighted-average discount rate4.11 %3.73 %
Schedule of Supplemental Cash Flow Information Related to Operating Leases [Table Text Block]
Supplemental cash flow information related to operating leases is included in the table below.

For the Year Ended December 31
(in thousands)20232022
Operating cash paid toward lease liabilities$6,486 6,529 
Leased assets obtained in exchange for new lease liabilities$7,085 5,161 
Components of Lease Income [Table Text Block]
The following table provides the components of lease income.

For the Year Ended December 31
(in thousands)20232022
Direct financing and sales-type leases31,127 22,144 
Operating leases(1)
13,036 8,948 
Total lease income$44,163 $31,092 
(1) Includes rent from Tower Properties, a related party, of $76 thousand for the years ended both December 31, 2023 and 2022.
Net Investment in Sales-type and Direct Financing Leases [Table Text Block]
The following table presents the components of the net investments in direct financing and sales-type leases.

(in thousands)December 31, 2023December 31, 2022
Lease payment receivable$729,891 $704,509 
Unguaranteed residual assets134,105 72,157 
Total net investments in direct financing and sales-type leases$863,996 $776,666 
Deferred origination cost3,024 3,222 
Total net investment included within business loans$867,020 $779,888 
Schedule of Maturity of Lease Receivables [Table Text Block]
The maturities of lease receivables are included in the table below.

(in thousands)Direct Financing and Sale-Type LeasesOperating LeasesTotal
2024$218,641 $11,976 $230,617 
2025182,103 10,725 192,828 
2026146,430 10,080 156,510 
2027110,328 9,034 119,362 
202867,850 8,352 76,202 
After 202880,861 46,783 127,644 
Total lease receipts806,213 $96,950 $903,163 
Less: Net present value adjustment76,322 
Present value of lease receipts$729,891