Operating Leases (Tables)

9 Months Ended

Sep. 30, 2024

Operating Leases [Abstract]

Other Information Related to Leases

Other information related to leases was as follows:

(dollars in thousands)	Three months ended
	September 30,
	2024		2023
Operating lease cost	$	2,054	$	2,045
Variable lease cost		522		527
Total Lease costs	$	2,576	$	2,572

(dollars in thousands)	Nine months ended
	September 30,
	2024		2023
Operating lease cost	$	6,187	$	6,132
Variable lease cost		1,716		1,731
Total Lease costs	$	7,903	$	7,863

Supplemental Cash Flows Information

(dollars in thousands)	Nine months ended
	September 30,
	2024			2023
Supplemental cash flows information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,383		$	6,268
Right-of-use assets obtained in exchange for lease obligations:		2,397			1,653
Weighted average remaining lease term	8.3 years			8.6 years
Weighted average discount rate		3.19	%		3.05	%

Future Minimum Lease Payments

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

(dollars in thousands)
Year ending
December 31,
2024(a)	$	2,141
2025		8,373
2026		7,385
2027		6,176
2028		4,988
Thereafter		18,355
Total lease payments	$	47,418
Less: Interest		5,949
Present value of lease liabilities	$	41,469

^(a) Excluding the nine months ended September 30, 2024.