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LEASES (Tables)
 6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Schedule of Lease Cost
The components of operating lease cost were as follows:
Three months endedSix months ended
(Dollars in thousands)June 30, 2023June 30, 2022June 30, 2023June 30, 2022
Operating lease cost (1)
$4,723 $5,039 $9,516 $10,389 
Sublease income(32)(84)(81)(171)
Net lease cost$4,691 $4,954 $9,435 $10,218 
(1)Includes variable lease cost and short-term lease cost.
Summary of Balance Sheet Information Supplemental information related to operating leases was as follows:
(Dollars in thousands)June 30, 2023December 31, 2022
Right-of-use assets$124,734 $138,182 
Lease liabilities$146,882 $158,269 
Lease term and discount rate
Weighted average remaining lease term (in years)19.5617.91
Weighted average discount rate4.71 %4.25 %
Schedule of Lease Maturities Maturities of operating lease liabilities were as follows:
(Dollars in thousands)June 30, 2023
Remaining in 2023$8,213 
202414,865 
202514,832 
202614,129 
202712,722 
After 2027188,328 
Total lease payments253,089 
Less: Interest(106,207)
Present value of lease liabilities$146,882 
Summary of Supplemental Cash Flow Information Supplemental cash flow information related to operating leases was as follows:
Three months endedSix months ended
(Dollars in thousands)June 30, 2023June 30, 2022June 30, 2023June 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$5,134 $5,063 $10,194 $10,714 
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 endedSix months ended
(Dollars in thousands)June 30, 2023June 30, 2022June 30, 2023June 30, 2022
Direct financing leases:
Interest income on lease receivable$13,136 $10,326 $25,518 $20,063 
Interest income on deferred fees and costs, net(1,450)(953)(2,836)(1,497)
Total direct financing lease net interest income$11,686 $9,373 $22,682 $18,566 
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, 2023December 31, 2022
Lease receivables$683,530 $642,369 
Unearned income(107,588)(95,683)
Deferred fees and costs14,121 12,295 
Net investment in direct financing leases$590,063 $558,981