Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Lease, Cost and Cash Flows

Operating and finance lease costs and cash flows resulting from these leases are presented below:

	Three Months Ended Jun 30,				Six Months Ended Jun 30,
($ in thousands)	2023		2022		2023		2022
Operating lease costs	$	1,479	$	1,926	$	2,942	$	3,724
Finance lease costs	23		32		46		73
Operating lease cash flows	1,698		2,327		3,526		4,735
Finance lease cash flows	23		37		46		80

Components of lease expense

The lease classifications on the consolidated balance sheets were as follows:

($ in thousands)	Consolidated Balance Sheets Category	Jun 30, 2023		Dec 31, 2022
Operating lease right-of-use asset	Premises and equipment	$	23,793	$	25,617
Finance lease right-of-use asset	Other assets	412		455
Operating lease liability	Accrued expenses and other liabilities	26,108		28,357
Finance lease liability	Other long-term funding	427		469

Operating lease information

The lease payment obligations, weighted-average remaining lease term, and weighted-average original discount rate were as follows:

	Jun 30, 2023					Dec 31, 2022
($ in thousands)	Lease payments		Weighted-average lease term (in years)	Weighted-average discount rate		Lease payments		Weighted-average lease term (in years)	Weighted-average discount rate
Operating leases
Retail and corporate offices	$	23,972	5.58	2.74	%	$	26,140	5.92	2.62	%
Land	4,371		7.29	3.16	%	4,766		7.59	3.14	%
Total operating leases	$	28,343	5.83	2.80	%	$	30,906	6.17	2.70	%
Finance leases
Retail and corporate offices	$	440	4.75	1.32	%	$	485	5.25	1.32	%
Total finance leases	$	440	4.75	1.32	%	$	485	5.25	1.32	%

Amortization of operating lease liabilities

Contractual lease payment obligations for each of the next five years and thereafter, in addition to a reconciliation to the Corporation’s lease liability, were as follows:

($ in thousands)	Operating Leases		Finance Leases		Total Leases
Six months ended December 31, 2023	$	3,004	$	46	$	3,050
2024	5,757		93		5,850
2025	4,830		93		4,923
2026	4,481		93		4,574
2027	3,807		93		3,899
Beyond 2027	6,464		23		6,488
Total lease payments	$	28,343	$	440	$	28,783
Less: interest	2,235		13		2,248
Present value of lease payments	$	26,108	$	427	$	26,535