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LEASES (Tables)
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Schedule of Lease Cost
The components of operating lease cost were as follows:
Three months endedNine months ended
(Dollars in thousands)September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Operating lease cost (1)
$4,900 $4,576 $15,289 $14,019 
Sublease income(51)(72)(222)(268)
Net lease cost$4,849 $4,504 $15,067 $13,751 
(1)Includes variable lease cost and short-term lease cost.
Summary of Balance Sheet Information Supplemental balance sheet information related to operating leases was as follows:
(Dollars in thousands)September 30, 2022December 31, 2021
Right-of-use assets$141,493 $144,134 
Lease liabilities$161,704 $159,526 
Lease term and discount rate
Weighted average remaining lease term (in years)17.7919.17
Weighted average discount rate4.23 %4.27 %
Schedule of Lease Maturities Maturities of operating lease liabilities were as follows:
(Dollars in thousands)September 30, 2022
Remaining in 2022$4,859 
202319,691 
202418,410 
202518,461 
202614,807 
After 2026169,201 
Total lease payments245,429 
Less: Interest(83,725)
Present value of lease liabilities$161,704 
Summary of Supplemental Cash Flow Information Supplemental cash flow information related to operating leases was as follows:
Three months endedNine months ended
(Dollars in thousands)September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$5,196 $4,451 $15,911 $13,525 
Right of use assets obtained in exchange for new operating lease liabilities (non-cash)— — 13,707 — 
Schedule of Direct Financing Leases
The components of direct finance lease income are summarized in the table below:
Three months endedNine months ended
(Dollars in thousands)September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Direct financing leases:
Interest income on lease receivable$10,822 $5,879 $30,885 $15,604 
Interest income on deferred fees and costs, net(925)(633)(2,422)(1,389)
Total direct financing lease net interest income$9,897 $5,246 $28,463 $14,215 

Equipment leasing receivables relate to direct financing leases. The composition of the net investment in direct financing leases was as follows:
(Dollars in thousands)September 30, 2022December 31, 2021
Lease receivables$610,962 $399,688 
Unearned income(87,618)(55,066)
Deferred fees and costs11,348 7,654 
Net investment in direct financing leases$534,692 $352,276