Leases (Tables)

3 Months Ended

Mar. 31, 2023

The components of lease expense were as follows:


	Affected Line Item in the Statement of Income	Three Months Ended March 31,
(dollars in thousands)		2023		2022
Operating lease cost	Occupancy/Equipment expense	$	8,638	$	5,108
Finance lease cost:
Amortization of right-of-use assets	Occupancy expense	691		675
Interest on lease liabilities	Interest expense	169		107

Sub-lease income	Occupancy expense	(60)		(128)
Total		$	9,438	$	5,762

Supplemental balance sheet information related to leases was as follows:


(dollars in thousands)	March 31, 2023			December 31, 2022
Operating Leases
Operating lease right-of-use assets	$	183,687		$	189,714
Operating lease liabilities	205,249			211,964

Finance Leases
Premises and equipment, net	21,173			10,799
Other borrowings	21,983			13,469

Weighted-Average Remaining Lease Term (in Years)
Operating leases	8.9			9.1
Finance leases	10.6			7.2

Weighted-Average Discount Rate
Operating leases	2.90		%	2.88		%
Finance leases	3.82		%	3.30		%

Supplemental cash flow information related to leases was as follows:


	Three Months Ended March 31,
(dollars in thousands)	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	7,932	$	5,341
Operating cash flows from finance leases	169		107
Financing cash flows from finance leases	628		616

The following table presents a maturity analysis of the Company’s lease liability by lease classification at March 31, 2023:


(dollars in thousands)	Operating Leases		Finance Leases
2023	$	22,933	$	2,432
2024	29,819		3,278
2025	28,513		3,301
2026	27,600		2,075
2027	26,668		2,078
Thereafter	98,709		13,964
Total undiscounted lease payments	234,242		27,128
Amounts representing interest	(28,993)		(5,145)
Lease liability	$	205,249	$	21,983