Leases (Tables)

9 Months Ended

Sep. 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 September 30, 2023 and December 31, 2022, respectively:

	As of
	September 30, 2023	December 31, 2022
Weighted average remaining lease term (in years)	6.72	6.82
Weighted average discount rate	7.06%	6.66%

The following table presents operating lease costs recognized for the three and nine months ended September 30, 2023 and September 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 September 30,				For the Nine Months Ended September 30,
	2023		2022		2023		2022
Operating lease costs:
Real estate leases - Right-of-use lease asset amortization	$	6,321	$	6,450	$	19,446	$	18,796
Real estate leases - Interest expense	3,402		3,258		10,009		9,881
Equipment leases - Right-of-use lease asset amortization	432		422		1,285		1,246
Equipment leases - Interest expense	45		41		138		108

Schedule of Maturities of Lease Liabilities

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

(Expressed in thousands)
	As of
	September 30, 2023		December 31, 2022
2023	$	11,101	$	42,343
2024	43,600		38,018
2025	38,338		31,684
2026	35,985		29,671
2027	34,348		28,178
After 2027	81,512		58,146
Total lease payments	$	244,884	$	228,040
Less interest	(50,930)		(45,470)
Present value of lease liabilities	$	193,954	$	182,570