LEASES

9 Months Ended

Sep. 30, 2024

LEASES

LEASES

8. LEASES

The following table presents the Company’s remaining maturities of undiscounted lease payments, as well as a reconciliation to the discounted operating lease liabilities in the Consolidated Statements of Financial Condition at September 30, 2024:

(In thousands)
2024	$	3,537
2025		13,861
2026		13,166
2027		11,316
2028		5,330
Thereafter		7,614
Total undiscounted lease payments		54,824
Less amounts representing interest		(3,462)
Operating lease liabilities	$	51,362

Other information related to the Company’s operating leases was as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2024		2023		2024		2023
Operating lease cost	$	3,506	$	3,236	$	10,195	$	9,529
Cash paid for amounts included in the measurement of operating lease liabilities		3,508		3,171		10,141		9,330

	As of September 30, 2024		As of December 31, 2023
Weighted average remaining lease term	4.5	years	5.0	years
Weighted average discount rate	2.67	%	2.34	%