Operating Leases (Tables)

6 Months Ended

Jun. 30, 2024

Operating Leases [Abstract]

Other Information Related to Leases

Other information related to leases was as follows:

(dollars in thousands)	Three months ended
	June 30,
	2024		2023
Operating lease cost	$	2,036		2,037
Variable lease cost		588		619
Total Lease costs	$	2,624		2,656

(dollars in thousands)	Six months ended
	June 30,
	2024		2023
Operating lease cost	$	4,133		4,087
Variable lease cost		1,194		1,204
Total Lease costs	$	5,327		5,291

Supplemental Cash Flows Information

(dollars in thousands)	Six months ended
	June 30,
	2024			2023
Supplemental cash flows information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,255			4,165
Right-of-use assets obtained in exchange for lease obligations:		1,151			1,653
Weighted average remaining lease term	8.3 years			8.7 years
Weighted average discount rate		3.16	%		3.05	%

Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases as of June 30, 2024 were as follows:

(dollars in thousands)
Year ending
December 31,
2024(a)	$	4,269
2025		8,262
2026		7,237
2027		6,029
2028		4,841
Thereafter		17,352
Total lease payments	$	47,990
Less: Interest		5,964
Present value of lease liabilities	$	42,026

^(a) Excluding the six months ended June 30, 2024.