Leases (Tables)

3 Months Ended

Mar. 31, 2022

The components of lease expense were as follows:


	Affected Line Item in the Statement of Income	Three Months Ended March 31,
(dollars in thousands)		2022		2021
Operating lease cost	Occupancy/Equipment expense	$	5,108	$	3,301
Finance lease cost:
Amortization of right-of-use assets	Occupancy expense	675		311
Interest on lease liabilities	Interest expense	107		95

Sub-lease income	Occupancy expense	(128)		(143)
Total		$	5,762	$	3,564

Supplemental balance sheet information related to leases was as follows:


(dollars in thousands)	March 31, 2022			December 31, 2021
Operating Leases
Operating lease right-of-use assets	$	201,802		$	69,560
Operating lease liabilities	234,049			76,236

Finance Leases
Premises and equipment, net	15,780			16,451
Other borrowings	16,621			17,233

Weighted-Average Remaining Lease Term (in Years)
Operating leases	9.2			10.4
Finance leases	7.4			7.6

Weighted-Average Discount Rate
Operating leases	2.91		%	3.34		%
Finance leases	3.05		%	3.02		%

Supplemental cash flow information related to leases was as follows:


	Three Months Ended March 31,
(dollars in thousands)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,341	$	3,636
Operating cash flows from finance leases	107		95
Financing cash flows from finance leases	616		251

The following table presents a maturity analysis of the Company’s lease liability by lease classification at March 31, 2022:


(dollars in thousands)	Operating Leases		Finance Leases
2022	$	26,992	$	2,183
2023	32,829		2,943
2024	31,460		2,959
2025	30,179		2,943
2026	29,168		1,706
Thereafter	120,517		5,919
Total undiscounted lease payments	271,145		18,653
Amounts representing interest	(37,096)		(2,032)
Lease liability	$	234,049	$	16,621