Leases (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30, 2023 and December 31, 2022, respectively:

	As of
	June 30, 2023	December 31, 2022
Weighted average remaining lease term (in years)	6.86	6.82
Weighted average discount rate	7.05%	6.66%

The following table presents operating lease costs recognized for the three and six months ended June 30, 2023 and June 30, 2022, respectively, which are included in occupancy and equipment costs on the condensed consolidated income statements:    

(Expressed in thousands)
	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2023		2022		2023		2022
Operating lease costs:
Real estate leases - Right-of-use lease asset amortization	$	6,686	$	6,189	$	13,125	$	12,346
Real estate leases - Interest expense	3,398		3,267		6,607		6,623
Equipment leases - Right-of-use lease asset amortization	431		410		853		824
Equipment leases - Interest expense	47		35		93		67

Schedule of Maturities of Lease Liabilities

The maturities of lease liabilities as of June 30, 2023 and December 31, 2022 are as follows:    

(Expressed in thousands)
	As of
	June 30, 2023		December 31, 2022
2023	$	22,196	$	42,343
2024	43,123		38,018
2025	37,174		31,684
2026	34,753		29,671
2027	33,205		28,178
After 2027	79,433		58,146
Total lease payments	$	249,884	$	228,040
Less interest	(52,950)		(45,470)
Present value of lease liabilities	$	196,934	$	182,570