XML 95 R26.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Leases | 12 Months Ended
--- | ---
Dec. 31, 2019
Leases [Abstract] |
Leases | LEASES The following table presents lease assets and liabilities as of December 31, 2019:
(Dollars in thousands) | Classification | December 31, 2019
Assets: |  |
Operating | Other assets | $ | 77,115 |
Finance | Premises and equipment | 8,820 |
Total leased assets |  | $ | 85,935 |
Liabilities: |  |
Operating | Other liabilities | $ | 76,746 |
Finance | Other borrowings | 8,230 |
Total lease liabilities |  | $ | 84,976 |
The following table presents lease costs for the year ended December 31, 2019. Variable lease cost primarily represents variable payments such as common area maintenance and utilities recognized in the period in which the expense was incurred. Certain of our lease agreements also include rental payments adjusted periodically for inflation. While lease liabilities are not remeasured as a result of these changes, these adjustments are treated as variable lease costs and recognized in the period in which the expense is incurred.
(Dollars in thousands) | Classification | 2019
Lease cost: |  |
Operating lease cost (1) | Occupancy expense | $ | 16,094 |
Finance lease cost: |  |
Amortization of leased assets | Equipment expense | 1,975 |
Interest on lease liabilities | Interest expense - Other borrowings | 259 |
Variable lease cost | Occupancy expense | 2,394 |
Sublease income | Occupancy expense | (390 | )
Net lease cost |  | $ | 20,332 |
(1) Operating lease cost includes short-term lease cost, which is immaterial. |
The following table presents lease liability maturities in the next five years and thereafter:
(Dollars in thousands) | Operating Leases |  | Finance Leases |  | Total
2020 | $ | 14,257 |  |  | $ | 2,142 |  |  | $ | 16,399 |
2021 | 12,688 |  |  | 2,159 |  |  | 14,847 |
2022 | 11,261 |  |  | 1,876 |  |  | 13,137 |
2023 | 9,340 |  |  | 993 |  |  | 10,333 |
2024 | 7,379 |  |  | 617 |  |  | 7,996 |
Thereafter | 36,653 |  |  | 1,066 |  |  | 37,719 |
Total lease payments | $ | 91,578 |  |  | $ | 8,853 |  |  | $ | 100,431 |
Less: Interest | 14,832 |  |  | 623 |  |  | 15,455 |
Present value of lease liabilities | $ | 76,746 |  |  | $ | 8,230 |  |  | $ | 84,976 |
The following table presents the remaining weighted average lease terms and discount rates as of December 31, 2019:
Weighted average remaining lease term (years): | December 31, 2019
Operating | 10.2 |
Finance | 4.7 |
Weighted average discount rate: |
Operating | 3.23 | %
Finance | 3.06 |
The following table presents supplemental cash flow information related to leases for the year ended December 31, 2019:
(Dollars in thousands) | 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | 15,703 |
Operating cash flows from finance leases | 259 |
Financing cash flows from finance leases | 1,850 |
Right-of-use assets obtained in exchange for new operating lease liabilities | 17,837 |
Right-of-use assets obtained in exchange for new finance lease liabilities | 1,886 |
Leases | LEASES The following table presents lease assets and liabilities as of December 31, 2019:
(Dollars in thousands) | Classification | December 31, 2019
Assets: |  |
Operating | Other assets | $ | 77,115 |
Finance | Premises and equipment | 8,820 |
Total leased assets |  | $ | 85,935 |
Liabilities: |  |
Operating | Other liabilities | $ | 76,746 |
Finance | Other borrowings | 8,230 |
Total lease liabilities |  | $ | 84,976 |
The following table presents lease costs for the year ended December 31, 2019. Variable lease cost primarily represents variable payments such as common area maintenance and utilities recognized in the period in which the expense was incurred. Certain of our lease agreements also include rental payments adjusted periodically for inflation. While lease liabilities are not remeasured as a result of these changes, these adjustments are treated as variable lease costs and recognized in the period in which the expense is incurred.
(Dollars in thousands) | Classification | 2019
Lease cost: |  |
Operating lease cost (1) | Occupancy expense | $ | 16,094 |
Finance lease cost: |  |
Amortization of leased assets | Equipment expense | 1,975 |
Interest on lease liabilities | Interest expense - Other borrowings | 259 |
Variable lease cost | Occupancy expense | 2,394 |
Sublease income | Occupancy expense | (390 | )
Net lease cost |  | $ | 20,332 |
(1) Operating lease cost includes short-term lease cost, which is immaterial. |
The following table presents lease liability maturities in the next five years and thereafter:
(Dollars in thousands) | Operating Leases |  | Finance Leases |  | Total
2020 | $ | 14,257 |  |  | $ | 2,142 |  |  | $ | 16,399 |
2021 | 12,688 |  |  | 2,159 |  |  | 14,847 |
2022 | 11,261 |  |  | 1,876 |  |  | 13,137 |
2023 | 9,340 |  |  | 993 |  |  | 10,333 |
2024 | 7,379 |  |  | 617 |  |  | 7,996 |
Thereafter | 36,653 |  |  | 1,066 |  |  | 37,719 |
Total lease payments | $ | 91,578 |  |  | $ | 8,853 |  |  | $ | 100,431 |
Less: Interest | 14,832 |  |  | 623 |  |  | 15,455 |
Present value of lease liabilities | $ | 76,746 |  |  | $ | 8,230 |  |  | $ | 84,976 |
The following table presents the remaining weighted average lease terms and discount rates as of December 31, 2019:
Weighted average remaining lease term (years): | December 31, 2019
Operating | 10.2 |
Finance | 4.7 |
Weighted average discount rate: |
Operating | 3.23 | %
Finance | 3.06 |
The following table presents supplemental cash flow information related to leases for the year ended December 31, 2019:
(Dollars in thousands) | 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | 15,703 |
Operating cash flows from finance leases | 259 |
Financing cash flows from finance leases | 1,850 |
Right-of-use assets obtained in exchange for new operating lease liabilities | 17,837 |
Right-of-use assets obtained in exchange for new finance lease liabilities | 1,886 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration