Leases (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024 and December 31, 2023, respectively:

	As of
	March 31, 2024	December 31, 2023
Weighted average remaining lease term (in years)	6.22	6.35
Weighted average discount rate	7.74%	7.72%

The following table presents operating lease costs recognized for the three months ended March 31, 2024 and March 31, 2023, 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,
	2024		2023
Operating lease costs:
Real estate leases - Right-of-use lease asset amortization	$	6,046	$	6,439
Real estate leases - Interest expense	3,323		3,209
Equipment leases - Right-of-use lease asset amortization	431		422
Equipment leases - Interest expense	46		46

Schedule of Maturities of Lease Liabilities

The maturities of lease liabilities as of March 31, 2024 and December 31, 2023 are as follows:    

(Expressed in thousands)
	As of
	March 31, 2024		December 31, 2023
2024	$	32,564	$	43,885
2025	39,411		38,759
2026	37,325		36,757
2027	35,168		34,823
2028	21,997		21,660
After 2028	58,779		58,081
Total lease payments	$	225,244	$	233,965
Less interest	(47,908)		(50,692)
Present value of lease liabilities	$	177,336	$	183,273