Leases (Tables)

6 Months Ended

Jun. 30, 2024

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)	2024		2023		2024		2023
Operating lease costs	$	1,551	$	1,479	$	3,096	$	2,942
Finance lease costs	23		23		46		46
Operating lease cash flows	1,592		1,698		3,436		3,526
Finance lease cash flows	23		23		46		46

Components of lease expense

The right-of-use asset and lease liability by lease classifications on the consolidated balance sheets were as follows:

($ in thousands)	Consolidated Balance Sheets Category	Jun 30, 2024		Dec 31, 2023
Operating lease right-of-use asset	Premises and equipment	$	26,213	$	24,712
Finance lease right-of-use asset	Other assets	325		368
Operating lease liability	Accrued expenses and other liabilities	28,675		27,311
Finance lease liability	Other long-term funding	339		383

Lessee, Lease Information

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

	Jun 30, 2024					Dec 31, 2023
($ 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	$	28,130	6.10	3.47	%	$	25,729	5.76	3.12	%
Land	3,640		6.77	3.50	%	4,050		6.98	3.48	%
Equipment	408		2.00	4.62	%	408		2.50	4.62	%
Total operating leases	$	32,178	6.12	3.49	%	$	30,187	5.88	3.19	%
Finance leases
Retail and corporate offices	$	347	3.75	1.32	%	$	394	4.25	1.32	%
Total finance leases	$	347	3.75	1.32	%	$	394	4.25	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, 2024	$	3,309	$	46	$	3,356
2025	6,293		93		6,386
2026	5,712		93		5,805
2027	5,002		93		5,095
2028	4,118		23		4,142
Beyond 2028	7,743		—		7,743
Total lease payments	$	32,178	$	347	$	32,526
Less: interest	3,503		8		3,512
Present value of lease payments	$	28,675	$	339	$	29,014