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LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024December 31, 2023December 31, 2022
Operating lease cost (1)
$16,830 $18,972 $20,123 
Sublease income(117)(161)(280)
Net lease cost$16,713 $18,811 $19,843 
(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, 2024December 31, 2023
Right-of-use assets$131,126 $130,601 
Lease liabilities$152,364 $151,596 
Lease term and discount rate of operating leases
Weighted average remaining lease term (in years)12.6213.01
Weighted average discount rate5.28 %5.20 %
Schedule of Lessee Operating Lease Maturities
Maturities of operating lease liabilities were as follows:
(Dollars in thousands)December 31, 2024
2025$18,083 
202617,447 
202716,571 
202816,471 
202916,052 
After 2029127,885 
Total lease payments212,509 
Less: Interest(60,145)
Present value of lease liabilities$152,364 
Schedule of Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows:
Twelve months ended
(Dollars in thousands)December 31, 2024December 31, 2023December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$19,488 $19,104 $20,987 
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, 2024December 31, 2023December 31, 2022
Direct financing leases:
Interest income on lease receivable$62,881 $53,572 $42,542 
Amortization of deferred fees and costs(7,977)(6,301)(3,718)
Total direct financing lease income$54,904 $47,271 $38,824 
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, 2024December 31, 2023
Lease receivables$749,968 $721,338 
Unearned income(122,846)(114,341)
Deferred fees and costs20,394 16,625 
Net investment in direct financing leases$647,516 $623,622 
Schedule of Future Minimum Lease Payments to be Received for Direct Financing Leases
Future minimum lease payments to be received for direct financing leases were as follows:
(Dollars in thousands)December 31, 2024
2025$246,265 
2026204,537 
2027151,729 
202895,712 
202942,896 
After 20298,829 
Total lease payments$749,968