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LEASES
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
LEASES LEASES
Operating lease cost was $12.3 million, $11.6 million and $12.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. For the years ended December 31, 2023, 2022 and 2021, sublease income offsetting operating lease cost was not material. Variable rent expense and short-term lease expense were not material for the years ended December 31, 2023 and 2022.

The following table presents the impact of leases on the Company's consolidated balance sheets at December 31, 2023 and 2022:
December 31,
(dollars in thousands)Location20232022
Operating lease right-of-use assetsOther assets$49,864 $56,333 
Operating lease liabilitiesOther liabilities58,521 65,088 
Future maturities of the Company's operating lease liabilities are summarized as follows:
(dollars in thousands)
Year Ended December 31,Lease Liability
2024$11,245 
20259,125 
20268,592 
20277,558 
20286,007 
Thereafter20,533 
Total lease payments$63,060 
Less: Interest(4,539)
Present value of lease liabilities$58,521 
(dollars in thousands)December 31,
Supplemental lease information
202320222021
Weighted-average remaining lease term (years)7.68.18.3
Weighted-average discount rate1.68 %1.46 %1.36 %
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (cash payments)$12,045 $12,013 $12,334 
Operating cash flows from operating leases (lease liability reduction)$12,045 $12,064 $12,563 
Operating lease right-of-use assets obtained in exchange for leases entered into during the year, net of business combinations$2,827 $7,226 $10,426