Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Premises and equipment, net of accumulated depreciation

Premises and equipment, net of accumulated depreciation, consist of the following:

(Dollars in thousands)	December 31, 2022		December 31, 2021
Land	$	74,285	75,110
Buildings and construction in progress	306,857		292,371
Furniture, fixtures and equipment	115,370		113,650
Leasehold improvements	15,394		14,935
Accumulated depreciation	(184,851)		(173,647)
Net premises and equipment, excluding ROU assets	327,055		322,419
ROU assets	71,045		50,178
Net premises and equipment	$	398,100	372,597

Lease Summary

The following table summarizes the Company’s leases:

	December 31, 2022					December 31, 2021
(Dollars in thousands)	Finance Leases			Operating Leases		Finance Leases		Operating Leases
ROU assets	$	30,254				5,995
Accumulated depreciation	(2,760)					(516)
Net ROU assets	$	27,494		43,551		5,479		44,699
Lease liabilities	$	28,204		46,579		5,781		47,901
Weighted-average remaining lease term	12 years			17 years		23 years		16 years
Weighted-average discount rate	3.6		%	3.6	%	2.6	%	3.4	%

Maturities of Lease Liabilities

Maturities of lease liabilities consist of the following:

	December 31, 2022
(Dollars in thousands)	Finance Leases		Operating Leases
Maturing within one year	$	4,927	4,555
Maturing one year through two years	4,422		4,644
Maturing two years through three years	4,430		4,457
Maturing three years through four years	4,440		4,358
Maturing four years through five years	4,449		4,093
Thereafter	11,713		42,589
Total lease payments	34,381		64,696
Present value of lease payments
Short-term	3,987		2,993
Long-term	24,217		43,586
Total present value of lease payments	28,204		46,579
Difference between lease payments and present value of lease payments	$	6,177	18,117

Components of Lease Expense

The components of lease expense consist of the following:

	Year ended
(Dollars in thousands)	December 31, 2022	December 31, 2021
Finance lease cost
Amortization of ROU assets	2,249	245
Interest on lease liabilities	565	151
Operating lease cost	5,927	5,668
Short-term lease cost	428	353
Variable lease cost	1,291	1,018
Sublease income	(43)	(42)
Total lease expense	10,417	7,393

Supplemental Cash Flow Information

Supplemental cash flow information related to leases is as follows:

	Year ended
	December 31, 2022			December 31, 2021
(Dollars in thousands)	Finance Leases		Operating Leases	Finance Leases	Operating Leases
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows	$	566	3,961	151	3,381
Financing cash flows	2,355		N/A	110	N/A

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N/A - Not applicable