Leases (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Leases [Abstract] | |
| Lease Liability Maturity | The following table presents the undiscounted cash flows of operating and finance leases for each of the following March 31, 2025 (In thousands) Remaining 2025 2026 2027 2028 2029 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 21,775 $ 21,524 $ 16,304 $ 13,791 $ 11,700 $ 34,890 $ 119,984 $ (16,356) $ 103,628 Finance Leases 3,352 4,222 2,927 2,592 2,415 9,529 25,037 (2,801) 22,236 |
| Leases cost | The following table presents the lease cost recognized by the Corporation in the Consolidated Statements of Operations as follows: Quarters ended March 31, (In thousands) 2025 2024 Finance lease cost: Amortization of ROU assets $ 746 $ 748 Interest on lease liabilities 200 237 Operating lease cost 7,549 7,688 Short-term lease cost 193 116 Variable lease cost 85 69 Sublease income (20) (20) Total lease cost [1] $ 8,753 $ 8,838 [1] Total lease cost is recognized as part of net occupancy expense. |
| Leases supplemental information | The leases. Quarter ended March 31,2025 (Dollars in thousands) 2025 2024 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,805 $ 7,771 Operating cash flows from finance leases 200 237 Financing cash flows from finance leases 908 881 ROU assets obtained in exchange for new lease obligations: Operating leases $ 5,572 $ 1,127 Weighted-average remaining lease term: Operating leases 7.4 years 7.2 years Finance leases 8.0 years 8.2 years Weighted-average discount rate: Operating leases 3.5 % 3.3 % Finance leases 3.6 % 3.8 % |