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Leases (Tables) | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Schedule of Operating and Finance Lease Assets and Liabilities | The following table presents lease assets and liabilities as of December 31, 2021 and 2020:
(Dollars in thousands) | Classification | December 31, 2021 |  | December 31, 2020
Assets: |  |  |  |
Operating | Other assets | $ | 63,207 |  |  | $ | 68,048 |
Finance | Premises and equipment | 4,310 |  |  | 6,478 |
Total leased assets |  | $ | 67,517 |  |  | $ | 74,526 |
Liabilities: |  |  |  |
Operating | Other liabilities | $ | 64,431 |  |  | $ | 68,343 |
Finance | Other borrowings | 4,311 |  |  | 6,308 |
Total lease liabilities |  | $ | 68,742 |  |  | $ | 74,651 |
The following table presents the remaining weighted average lease terms and discount rates as of December 31, 2021:
Weighted average remaining lease term (years): | December 31, 2021
Operating | 8.9
Finance | 3.5
Weighted average discount rate: |
Operating | 3.00 | %
Finance | 3.12 |
Schedule of Net Lease Cost |
(Dollars in thousands) | Classification | 2021 |  | 2020
Lease cost: |  |  |  |
Operating lease cost (1) | Occupancy expense | $ | 13,993 |  |  | $ | 15,023 |
Finance lease cost: |  |  |  |
Amortization of leased assets | Equipment expense | 2,168 |  |  | 2,168 |
Interest on lease liabilities | Interest expense - Other borrowings | 162 |  |  | 220 |
Variable lease cost | Occupancy expense | 3,110 |  |  | 3,231 |
Sublease income | Occupancy expense | (355) |  |  | (350) |
Net lease cost |  | $ | 19,078 |  |  | $ | 20,292 |
(1) Operating lease cost includes short-term lease cost, which is immaterial. |  |  |
The following table presents supplemental cash flow information related to leases for the years ended December 31, 2021 and 2020:
| Year ended December 31
(Dollars in thousands) | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 13,054 |  |  | $ | 14,237 |
Operating cash flows from finance leases | 162 |  |  | 220 |
Financing cash flows from finance leases | 1,997 |  |  | 1,922 |
Right-of-use assets obtained in exchange for new operating lease liabilities | 6,535 |  |  | 4,595 |
Schedule of Lease Liability Maturities | The following table presents lease liability maturities in the next five years and thereafter:
(Dollars in thousands) | Operating Leases |  | Finance Leases |  | Total
2022 | $ | 12,840 |  |  | $ | 1,876 |  |  | $ | 14,716 |
2023 | 11,162 |  |  | 993 |  |  | 12,155 |
2024 | 9,356 |  |  | 617 |  |  | 9,973 |
2025 | 6,462 |  |  | 635 |  |  | 7,097 |
2026 | 5,450 |  |  | 431 |  |  | 5,881 |
Thereafter | 29,236 |  |  | — |  |  | 29,236 |
Total lease payments | $ | 74,506 |  |  | $ | 4,552 |  |  | $ | 79,058 |
Less: Interest | 10,075 |  |  | 241 |  |  | 10,316 |
Present value of lease liabilities | $ | 64,431 |  |  | $ | 4,311 |  |  | $ | 68,742 |
Schedule of Lease Liability Maturities | The following table presents lease liability maturities in the next five years and thereafter:
(Dollars in thousands) | Operating Leases |  | Finance Leases |  | Total
2022 | $ | 12,840 |  |  | $ | 1,876 |  |  | $ | 14,716 |
2023 | 11,162 |  |  | 993 |  |  | 12,155 |
2024 | 9,356 |  |  | 617 |  |  | 9,973 |
2025 | 6,462 |  |  | 635 |  |  | 7,097 |
2026 | 5,450 |  |  | 431 |  |  | 5,881 |
Thereafter | 29,236 |  |  | — |  |  | 29,236 |
Total lease payments | $ | 74,506 |  |  | $ | 4,552 |  |  | $ | 79,058 |
Less: Interest | 10,075 |  |  | 241 |  |  | 10,316 |
Present value of lease liabilities | $ | 64,431 |  |  | $ | 4,311 |  |  | $ | 68,742 |
Lessor, Sales-type Lease Or Direct Financing Lease | The following table presents the components of the investment in direct or sales type financing leases, included in loans in the consolidated balance sheets as of December 31, 2021 and 2020:
(Dollars in thousands) | Year ended December 31
| 2021 |  | 2020
Total minimum lease payment to be received | $ | 261,469 |  |  | $ | 335,385 |
Estimated unguaranteed residual value of leased assets | 24,472 |  |  | 19,428 |
Gross investment in direct or sales type financing leases | 285,941 |  |  | 354,813 |
Unearned income | (18,262) |  |  | (23,970) |
Initial direct costs | 783 |  |  | 548 |
Total net investment | $ | 268,462 |  |  | $ | 331,391 |
Sales-type and Direct Financing Leases, Lease Receivable Maturity | At December 31, 2021, future minimum lease payments to be received under direct or sales type financing leases were as follows:
Years ending December 31 |
2022 | $ | 96,974 |
2023 | 70,635 |
2024 | 46,407 |
2025 | 28,065 |
2026 | 13,630 |
Thereafter | 5,758 |
Future minimum lease payments | $ | 261,469 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received on annual basis for sales-type and direct financing leases receivable. Includes, but is not limited to, reconciliation to lease receivable recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919391-209981 + Details
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