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LEASES (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Lease Cost
The components of the Company's ongoing operating lease cost were as follows:
Twelve months ended
(Dollars in thousands)December 31, 2022December 31, 2021December 31, 2020
Operating lease cost (1)
$20,123 $18,564 $18,690 
Sublease income(280)(365)(372)
Net lease cost$19,843 $18,199 $18,318 
(1)Includes variable lease cost and short-term lease cost.
Schedule of Balance Sheet Information
Supplemental balance sheet information related to operating leases was as follows:
(Dollars in thousands)December 31, 2022December 31, 2021
Right-of-use assets$138,182 $144,134 
Lease liabilities$158,269 $159,526 
Lease term and discount rate of operating leases
Weighted average remaining lease term (in years)17.9119.17
Weighted average discount rate4.25 %4.27 %
Schedule of Lessee Operating Lease Maturities Maturities of operating lease liabilities were as follows:
(Dollars in thousands)December 31, 2022
2023$19,372 
202418,107 
202518,158 
202614,670 
202713,538 
After 2027157,493 
Total lease payments241,338 
Less: Interest(83,069)
Present value of lease liabilities$158,269 
Supplemental Cash Flow information Supplemental cash flow information related to leases was as follows:
Twelve months ended
(Dollars in thousands)December 31, 2022December 31, 2021December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$20,987 $17,834 $18,452 
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:
Twelve months ended
(Dollars in thousands)December 31, 2022December 31, 2021December 31, 2020
Direct financing leases:
Interest income on lease receivable$42,542 $21,947 $15,805 
(Amortization)/accretion of deferred fees and costs(3,718)(1,963)433 
Total direct financing lease income$38,824 $19,984 $16,238 
Equipment leasing receivables relate to direct financing leases. The composition of the net investment in direct financing leases was as follows:
(Dollars in thousands)December 31, 2022December 31, 2021
Lease receivables$642,369 $399,688 
Unearned income(95,683)(55,066)
Deferred fees and costs12,295 7,654 
Net investment in direct financing leases$558,981 $352,276 
Schedule of Direct Financing Leases Future minimum lease payments to be received for direct financing leases were as follows:
(Dollars in thousands)December 31, 2022
2023$206,375 
2024173,070 
2025128,281 
202685,130 
202740,335 
After 20279,178 
Total lease payments$642,369