Leases (Tables)

9 Months Ended

Sep. 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 September 30, 2024 and December 31, 2023, respectively:

	As of
	September 30, 2024	December 31, 2023
Weighted average remaining lease term (in years)	5.91	6.35
Weighted average discount rate	7.76%	7.72%

The following table presents operating lease costs recognized for the three and nine months ended September 30, 2024 and September 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 September 30,				For the Nine Months Ended September 30,
	2024		2023		2024		2023
Operating lease costs:
Real estate leases - Right-of-use lease asset amortization	$	6,165	$	6,321	$	18,242	$	19,446
Real estate leases - Interest expense	3,139		3,402		9,690		10,009
Equipment leases - Right-of-use lease asset amortization	424		432		1,287		1,285
Equipment leases - Interest expense	45		45		135		138

Schedule of Maturities of Lease Liabilities

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

(Expressed in thousands)
	As of
	September 30, 2024		December 31, 2023
2024	$	11,015	$	43,885
2025	40,842		38,759
2026	38,682		36,757
2027	36,266		34,823
2028	22,939		21,660
After 2028	60,432		58,081
Total lease payments	$	210,176	$	233,965
Less interest	(42,752)		(50,692)
Present value of lease liabilities	$	167,424	$	183,273