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LEASES
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
LEASES LEASES
Operating lease cost was $10.8 million, $12.3 million and $11.6 million for the years ended December 31, 2024, 2023 and 2022, respectively. For the years ended December 31, 2024, 2023 and 2022, sublease income was $715,000, $1.3 million and $683,000, respectively. Variable rent expense and short-term lease expense were not material for the years ended December 31, 2024 and 2023.

The following table presents the impact of leases on the Company's consolidated balance sheets at December 31, 2024 and 2023:
December 31,
(dollars in thousands)Location20242023
Operating lease right-of-use assetsOther assets$45,069 $49,864 
Operating lease liabilitiesOther liabilities53,403 58,521 
Future maturities of the Company's operating lease liabilities are summarized as follows:
(dollars in thousands)
Year Ended December 31,Lease Liability
2025$10,246 
20269,520 
20278,535 
20286,918 
20295,590 
Thereafter16,863 
Total lease payments$57,672 
Less: Interest(4,269)
Present value of lease liabilities$53,403 
(dollars in thousands)December 31,
Supplemental lease information
202420232022
Weighted-average remaining lease term (years)6.97.68.1
Weighted-average discount rate1.92 %1.68 %1.46 %
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (cash payments)$11,378 $12,045 $12,013 
Operating cash flows from operating leases (lease liability reduction)$11,378 $12,045 $12,064 
Operating lease right-of-use assets obtained in exchange for leases entered into during the year$5,488 $2,827 $7,226