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Leases (Tables) | 3 Months Ended
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Mar. 31, 2021
Leases [Abstract] |
Lease Liability Maturity |
March 31, 2021
(In thousands) |  | Remaining 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | Later Years |  | Total Lease Payments |  | Less: Imputed Interest |  | Total
Operating Leases | $ | 21,007 | $ | 24,843 | $ | 22,657 | $ | 21,549 | $ | 18,605 | $ | 52,393 | $ | 161,054 | $ | (20,925) | $ | 140,129
Finance Leases |  | 2,491 |  | 3,402 |  | 3,492 |  | 3,589 |  | 3,701 |  | 8,850 |  | 25,525 |  | (4,086) |  | 21,439
Leases cost |
|  |  | Quarters ended March 31,
(In thousands) | 2021 | 2020
Finance lease cost: |  |  |  |
| Amortization of ROU assets | $ | 581 | $ | 520
| Interest on lease liabilities |  | 273 |  | 313
Operating lease cost |  | 7,055 |  | 7,914
Short-term lease cost |  | 87 |  | 57
Variable lease cost |  | 30 |  | 11
Sublease income |  | (19) |  | (30)
Total lease cost[1] | $ | 8,007 | $ | 8,785
[1] | Total lease cost is recognized as part of net occupancy expense.
Leases supplemental information | The following table presents supplemental cash flow information and other related information related to operating and finance leases.
|  |  |  | Quarters ended March 31,
(Dollars in thousands) |  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
| Operating cash flows from operating leases[1] | $ | 15,197 | $ | 7,822
| Operating cash flows from finance leases |  | 273 |  | 313
| Financing cash flows from finance leases[1] |  | 1,133 |  | 538
ROU assets obtained in exchange for new lease obligations: |  |  |  |
| Operating leases | $ | 2,394 | $ | 259
Weighted-average remaining lease term: |  |  |  |  |  |
| Operating leases |  | 8.2 | years |  | 8.6 | years
| Finance leases |  | 8.9 | years |  | 7.3 | years
Weighted-average discount rate: |  |  |  |  |  |
| Operating leases |  | 3.0 | % |  | 3.4 | %
| Finance leases |  | 5.1 | % |  | 5.7 | %
[1] | During the quarter ended March 31, 2021, the Corporation made base lease termination payments amounting to $7.8 million in connection with the closure of nine branches as a result of the strategic realignment of PB’s New York Metro branch network.

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- Definition Tabular disclosure of undiscounted cash flows of operating and finance lease liabilities. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating and finance lease liabilities recognized in statement of financial position. + References No definition available. + Details
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- Definition Tabular disclosure of cash paid for amounts included in the measurement of lease liabilities, noncash information on lease liabilities arising from obtaining ROU assets, and weighted-average remaining lease term and discount rate by lease classification. + References No definition available. + 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=121609121&loc=SL77918686-209980 + Details
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- References No definition available. + Details
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