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Leases (Tables)
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Lease Liability Maturity
The following table presents the undiscounted
 
cash flows of operating and finance leases for
 
each of the following periods:
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2024
(In thousands)
Remaining
 
2024
2025
2026
2027
2028
Later
Years
Total Lease
Payments
Less: Imputed
Interest
Total
Operating Leases
$
7,818
$
28,553
$
20,088
$
14,681
$
12,221
40,309
$
123,670
$
(15,505)
$
108,165
Finance Leases
1,156
4,692
4,462
3,105
2,432
10,908
26,755
(2,962)
23,793
Leases cost
The following table presents the lease cost recognized
 
by the Corporation in the Consolidated
 
Statements of Operations as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarters ended September 30,
Nine months ended September 30,
(In thousands)
2024
2023
2024
2023
Finance lease cost:
Amortization of ROU assets
$
775
$
1,071
$
2,272
$
2,966
Interest on lease liabilities
239
219
702
749
Operating lease cost
7,626
7,924
22,964
23,578
Short-term lease cost
123
101
359
322
Variable lease cost
69
49
208
150
Sublease income
(20)
(20)
(61)
(46)
Total lease cost
[1]
$
8,812
$
9,344
$
26,444
$
27,719
[1]
Total lease cost
 
is recognized as part of net occupancy expense, except
 
for the net gain recognized from sale and leaseback
 
transactions which
was included as part of other operating income.
Leases supplemental information
The
 
following
 
table
 
presents
 
supplemental
 
cash
 
flow
 
information
 
and
 
other
 
related
 
information
 
related
 
to
 
operating
 
and
 
finance
leases.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30,2024
(Dollars in thousands)
2024
2023
Cash paid for amounts included in the measurement of
 
lease liabilities:
Operating cash flows from operating leases
$
23,500
$
23,218
Operating cash flows from finance leases
702
749
Financing cash flows from finance leases
2,717
3,557
ROU assets obtained in exchange for new lease obligations:
Operating leases
$
1,618
$
4,864
Finance leases
732
1,796
Weighted-average remaining lease term:
Operating leases
7.2
years
7.3
years
Finance leases
8.2
years
7.8
years
Weighted-average discount rate:
Operating leases
3.3
%
3.2
%
Finance leases
3.7
%
3.8
%