Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Schedule of Lease Cost

The following table presents the weighted average lease term and weighted average discount rate for the Company's operating leases as of March 31, 2022 and December 31, 2021, respectively:

	As of
	March 31, 2022	December 31, 2021
Weighted average remaining lease term (in years)	7.23	7.38
Weighted average discount rate	6.79%	6.89%

The following table presents operating lease costs recognized for the three months ended March 31, 2022 and March 31, 2021, respectively, which are included in occupancy and equipment costs on the condensed consolidated income statements:    

(Expressed in thousands)
	For the Three Months Ended March 31,
	2022		2021
Operating lease costs:
Real estate leases - Right-of-use lease asset amortization	$	6,157	$	6,056
Real estate leases - Interest expense	3,356		3,596
Equipment leases - Right-of-use lease asset amortization	414		445
Equipment leases - Interest expense	32		39

Schedule of Maturities of Lease Liabilities

The maturities of lease liabilities as of March 31, 2022 and December 31, 2021 are as follows:    

(Expressed in thousands)
	As of
	March 31, 2022		December 31, 2021
2022	$	31,884	$	41,696
2023	40,149		38,477
2024	35,214		33,573
2025	29,689		27,703
2026	28,354		26,342
After 2026	81,720		78,593
Total lease payments	$	247,010	$	246,384
Less interest	(52,908)		(54,365)
Present value of lease liabilities	$	194,102	$	192,019