Three Months Ended

Six Months Ended

June 30,

(Dollars in thousands)

2024

2023

2024

2023

Lease Cost Components:

Amortization of ROU assets – finance leases

$

117

$

117

$

233

$

233

Interest on lease liabilities – finance leases

8

10

18

21

Operating lease cost (cost resulting from lease payments)

4,356

4,278

8,633

8,518

Short-term lease cost

184

109

323

215

Variable lease cost (cost excluded from lease payments)

956

840

1,753

1,475

Total lease cost

$

5,621

$

5,354

$

10,960

$

10,462

Supplemental Cash Flow and Other Information Related to Leases:

Finance lease – operating cash flows

$

8

$

10

$

18

$

21

Finance lease – financing cash flows

119

110

238

220

Operating lease – operating cash flows (fixed payments)

4,220

4,154

8,413

8,250

Operating lease – operating cash flows (net change asset/liability)

(3,300)

(3,321)

(6,667)

(6,608)

New ROU assets – operating leases

6,550

701

9,093

701

New ROU assets – finance leases

—

Weighted – average remaining lease term (years) – finance leases

3.93

4.93

Weighted – average remaining lease term (years) – operating leases

8.86

9.63

Weighted – average discount rate - finance leases

1.7%

1.7%

Weighted – average discount rate - operating leases

3.3%

3.0%

Operating lease payments due:

2024 (excluding 6 months ended June 30, 2024)

$

8,613

2025

16,374

2026

15,866

2027

14,693

2028

14,030

Thereafter

61,212

Total undiscounted cash flows

130,788

Discount on cash flows

(18,947)

Total operating lease liabilities

$

111,841