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LEASES
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
LEASES LEASES
The Company leases real estate properties for its network of bank branches, financial centers and corporate offices. All of the Company’s leases are currently classified as operating. Most lease agreements include one or more options to renew, with renewal terms that can extend the original lease term from one to twenty years or more. The Company does not sublease any of its leased real estate properties.
 
The following table provides information regarding the Company's leases as of the dates indicated:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Components of lease expense:
  Operating lease cost (resulting from lease payments)$2,580 $2,668 $7,722 $8,095 
Supplemental cash flow information related to leases:
  Operating cash flows from operating leases$2,783 $2,862 $8,403 $8,612 
  ROU assets obtained in the exchange for lease liabilities due to:
      New leases$— $— $1,402 $703 
      Acquisitions$— $— $— $— 
September 30, 2024December 31, 2023
Supplemental balance sheet information related to leases:
  Operating lease ROU assets$38,371 $40,362 
  Operating lease liabilities$45,385 $48,058 
Other information related to leases:
  Weighted average remaining lease term of operating leases5.1 years5.6 years
  Weighted average discount rate of operating leases3.77%3.61%
 
ROU assets and lease liabilities are recorded in other assets and other liabilities, respectively, in the Condensed Consolidated Statements of Condition. Operating lease cost is recorded in the occupancy expense of premises in the Condensed Consolidated Statements of Income.

At September 30, 2024, the maturities of the Company’s operating lease liabilities were as follows:
 
(In thousands)Amount
Maturity: 
Remaining 2024$2,841 
202510,988 
202610,305 
20278,882 
20287,393 
Thereafter9,591 
Total undiscounted lease payments50,000 
Less: Present value discount(4,615)
Lease liability$45,385 
 
The Company had no operating lease that has not yet commenced operations at September 30, 2024. The Company does not have any lease arrangements with any of its related parties as of September 30, 2024.