v3.25.1
Operating Leases (Tables)
 3 Months Ended
Mar. 31, 2025
Operating Leases [Abstract]  
Other Information Related to Leases
Other information related to leases was as follows:

(dollars in thousands)   Three months ended  

 
March 31,
  
   
2025
    
2024
  
Operating lease cost
  
$
2,006
    
$
2,097
  
Variable lease cost
    
632
      
606
  
                 
Total Lease costs
  
$
2,638
    
$
2,703
  
Supplemental Cash Flows Information
(dollars in thousands)   Three months ended  

 
March 31,
  
   
2025
    
2024
  
Supplemental cash flows information:
            
Cash paid for amounts included in the measurement of lease liabilities:
            
Operating cash flows from operating leases
  
$
2,139
    
$
2,124
  
                 
Right-of-use assets obtained in exchange for lease obligations:
    
-
      
759
  
           
   
Weighted average remaining lease term
  
8.2 years
    
8.4 years
  
Weighted average discount rate
    
3.22
%
    
3.12
%
Future Minimum Lease Payments
Future minimum lease payments under non-cancellable leases as of March 31, 2025 were as follows:

(dollars in thousands)
     
       
 Year ending      
December 31,
      
2025(a)
  
$
6,201
  
2026
    
7,456
  
2027
    
6,248
  
2028
    
5,060
  
2029
    
3,682
  
Thereafter
    
15,166
  
Total lease payments
  
$
43,813
  
Less: Interest
    
5,489
  
         
Present value of lease liabilities
  
$
38,324
  

(a)
Excluding the three months ended March 31, 2025.