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LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
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, 2025June 30, 2024June 30, 2025June 30, 2024
Operating lease cost (1)
$4,211 $4,452 $8,628 $8,424 
Sublease income(26)(29)(51)(61)
Net lease cost$4,185 $4,423 $8,577 $8,363 
(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)June 30, 2025December 31, 2024
Right-of-use assets$110,417 $131,126 
Lease liabilities$134,572 $152,364 
Lease term and discount rate
Weighted average remaining lease term (in years)11.6312.62
Weighted average discount rate5.23 %5.28 %
Schedule of Lease Maturities
Maturities of operating lease liabilities were as follows:
(Dollars in thousands)June 30, 2025
Remaining in 2025$9,369 
202617,695 
202715,617 
202815,420 
202914,988 
After 2029106,653 
Total lease payments179,742 
Less: Interest(45,170)
Present value of lease liabilities$134,572 
Schedule 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, 2025June 30, 2024June 30, 2025June 30, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$4,754 $4,762 $9,467 $9,483 
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, 2025June 30, 2024June 30, 2025June 30, 2024
Direct financing leases:
Interest income on lease receivable$16,068 $15,815 $32,280 $30,615 
Interest income on deferred fees and costs, net(2,293)(1,890)(4,546)(3,682)
Total direct financing lease net interest income$13,775 $13,925 $27,734 $26,933 
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, 2025December 31, 2024
Lease receivables$727,976 $749,968 
Unearned income(117,538)(122,846)
Deferred fees and costs19,689 20,394 
Net investment in direct financing leases$630,127 $647,516