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LEASES (Tables)
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Lease, Cost
The components of operating lease cost were as follows:
Three months endedSix months ended
(Dollars in thousands)June 30, 2022June 30, 2021June 30, 2022June 30, 2021
Operating lease cost (1)
$5,039 $4,789 $10,389 $9,443 
Sublease income(84)(90)(171)(197)
Net lease cost$4,954 $4,699 $10,218 $9,246 
(1)Includes variable lease cost and short-term lease cost.
Balance Sheet Information Supplemental balance sheet information related to operating leases was as follows:
(Dollars in thousands)June 30, 2022December 31, 2021
Right-of-use assets$144,888 $144,134 
Lease liabilities$165,584 $159,526 
Lease term and discount rate
Weighted average remaining lease term (in years)17.7219.17
Weighted average discount rate4.22 %4.27 %
Lease Maturity Maturities of operating lease liabilities were as follows:
(Dollars in thousands)June 30, 2022
Remaining in 2022$9,806 
202319,877 
202418,589 
202518,585 
202614,816 
After 2026169,697 
Total lease payments251,370 
Less: Interest(85,786)
Present value of lease liabilities$165,584 
Supplemental Cash Flow information Lessee Supplemental cash flow information related to operating leases was as follows:
Three months endedSix months ended
(Dollars in thousands)June 30, 2022June 30, 2021June 30, 2022June 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$5,063 $4,693 $10,714 $9,074 
Right of use assets obtained in exchange for new operating lease liabilities (non-cash)— — 13,707 — 
Direct Financing Lease
The components of direct finance lease income are summarized in the table below:
Three months endedSix months ended
(Dollars in thousands)June 30, 2022June 30, 2021June 30, 2022June 30, 2021
Direct financing leases:
Interest income on lease receivable$10,326 $5,102 $20,063 $9,726 
Interest income on deferred fees and costs, net(953)(438)(1,497)(756)
Total direct financing lease net interest income$9,373 $4,664 $18,566 $8,970 

Equipment leasing receivables relate to direct financing leases. The composition of the net investment in direct financing leases was as follows:
(Dollars in thousands)June 30, 2022December 31, 2021
Lease receivables$584,381 $399,688 
Unearned income(81,739)(55,066)
Deferred fees and costs10,161 7,654 
Net investment in direct financing leases$512,803 $352,276