Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Lease Cost and Supplemental Information

The following table presents the components of lease expense, which is included in net occupancy expense on the consolidated statements of income (dollars in thousands):

	2022		2021		2020
Operating lease expense	$	17,766	$	16,345	$	18,481
Variable lease expense	3,017		1,384		2,830
Sublease income	(964)		(860)		(749)
Total lease expense	$	19,819	$	16,869	$	20,562

Supplemental cash flow information related to operating leases was as follows (dollars in thousands):

	2022		2021
Cash paid for amounts included in the measurement of lease liabilities	$	19,405	$	19,611
ROU assets obtained in exchange for lease obligations	18,715		12,588

Supplemental Balance Sheet Information

Supplemental consolidated balance sheet information related to leases was as follows as of December 31 (dollars in thousands):

Operating Leases	Balance Sheet Classification	2022			2021
ROU assets	Other assets	$	85,103		$	82,431
Lease liabilities	Other liabilities	$	93,883		$	92,864
Weighted average remaining lease term		6.75 years			7.0 years
Weighted average discount rate		2.89		%	2.73		%

Lease Payment Obligations

Lease payment obligations for each of the next five years and thereafter, with a reconciliation to the Corporation's lease liability were as follows (dollars in thousands):

Year	Operating Leases
2023	$	19,222
2024	17,821
2025	15,310
2026	13,584
2027	11,112
Thereafter	26,681
Total lease payments	103,730
Less: imputed interest	(9,847)
Present value of lease liabilities	$	93,883