Operating Leases (Tables)

9 Months Ended

Sep. 30, 2023

Operating Leases [Abstract]

Other Information Related to Leases

Other information related to leases was as follows:

(dollars in thousands)	Three months ended
	September 30,
	2023		2022
Operating lease cost	$	2,045		2,062
Variable lease cost		527		565
Total Lease costs	$	2,572		2,627

(dollars in thousands)	Nine months ended
	September 30,
	2023		2022
Operating lease cost	$	6,132		6,185
Variable lease cost		1,731		1,706
Total Lease costs	$	7,863		7,891

Supplemental Cash Flows Information

(dollars in thousands)	Nine months ended
	September 30,
	2023			2022
Supplemental cash flows information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,268			6,262
Right-of-use assets obtained in exchange for lease obligations:		1,653			2,484
Weighted average remaining lease term	8.6 years			9.0 years
Weighted average discount rate		3.05	%		2.96	%

Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases as of September 30, 2023 were as follows:

(dollars in thousands)
Year ending
December 31,
2023(a)	$	2,108
2024		8,379
2025		7,978
2026		7,004
2027		5,767
Thereafter		20,522
Total lease payments	$	51,758
Less: Interest		6,340
Present value of lease liabilities	$	45,418

^(a) Excluding the nine months ended September 30, 2023.