LEASES (Tables)

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Schedule of Lease Cost

The components of operating lease cost were as follows:

	Three months ended
(Dollars in thousands)	March 31, 2025		March 31, 2024
Operating lease cost (1)	$	4,417	$	3,972
Sublease income	(25)		(32)
Net lease cost	$	4,392	$	3,940

(1)Includes variable lease cost and short-term lease cost.

Schedule of Balance Sheet Information

Supplemental information related to operating leases was as follows:

(Dollars in thousands)	March 31, 2025			December 31, 2024
Right-of-use assets	$	131,439		$	131,126
Lease liabilities	$	152,604		$	152,364
Lease term and discount rate
Weighted average remaining lease term (in years)	12.37			12.62
Weighted average discount rate	5.29		%	5.28		%

Schedule of Lease Maturities

Maturities of operating lease liabilities were as follows:

(Dollars in thousands)	March 31, 2025
Remaining in 2025	$	13,971
2025	17,998
2026	16,983
2027	16,862
2028	16,456
After 2028	128,114
Total lease payments	210,384
Less: Interest	(57,780)
Present value of lease liabilities	$	152,604

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information related to operating leases was as follows:

	Three months ended
(Dollars in thousands)	March 31, 2025		March 31, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,713	$	4,721

Schedule of Direct Financing Leases

The components of direct finance lease income are summarized in the table below:

	Three months ended
(Dollars in thousands)	March 31, 2025		March 31, 2024
Direct financing leases:
Interest income on lease receivable	$	16,212	$	14,800
Interest income on deferred fees and costs, net	(2,253)		(1,792)
Total direct financing lease net interest income	$	13,959	$	13,008

Equipment leasing receivables relate to direct financing leases. The composition of the net investment in direct financing leases was as follows:

(Dollars in thousands)	March 31, 2025		December 31, 2024
Lease receivables	$	735,979	$	749,968
Unearned income	(119,545)		(122,846)
Deferred fees and costs	20,026		20,394
Net investment in direct financing leases	$	636,460	$	647,516