Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Schedule of Weighted Average Lease Term and Weighted Average Discount Rate and Operating Lease Costs

The following table presents the weighted average lease term and weighted average discount rate for the Company's operating leases as of June 30, 2024 and December 31, 2023, respectively:

	As of
	June 30, 2024	December 31, 2023
Weighted average remaining lease term (in years)	6.05	6.35
Weighted average discount rate	7.75%	7.72%

The following table presents operating lease costs recognized for the three and six months ended June 30, 2024 and June 30, 2023, 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,
	2024		2023		2024		2023
Operating lease costs:
Real estate leases - Right-of-use lease asset amortization	$	6,031	$	6,686	$	12,077	$	13,125
Real estate leases - Interest expense	3,228		3,398		6,551		6,607
Equipment leases - Right-of-use lease asset amortization	432		431		863		853
Equipment leases - Interest expense	44		47		90		93

Schedule of Maturities of Lease Liabilities

The maturities of lease liabilities as of June 30, 2024 and December 31, 2023 are as follows:    

(Expressed in thousands)
	As of
	June 30, 2024		December 31, 2023
2024	$	22,059	$	43,885
2025	40,203		38,759
2026	38,015		36,757
2027	35,641		34,823
2028	22,388		21,660
After 2028	59,577		58,081
Total lease payments	$	217,883	$	233,965
Less interest	(45,279)		(50,692)
Present value of lease liabilities	$	172,604	$	183,273