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Operating Leases | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Operating Leases | Note 6. Operating Leases The Company has operating leases on a number of its branches, certain regional headquarters and other properties to limit its exposure to ownership risks such as fluctuations in real estate prices and obsolescence. The Company leases real estate with lease terms generally from five to 20 years, some of which have renewal options from one to 20 years. As these extension options are not generally considered reasonably certain of renewal, they are not included in the lease term. The Company is not a lessee in any contracts classified as finance leases. The following tables present supplemental information pertaining to operating leases at and for the years ended December 31, 2020 and 2019.
|  | Years ended December 31, |
(dollars in thousands) |  | 2020 |  | 2019 |
Cash paid for amounts included in the measurement of lease liabilities for operating leases |  | $ | 16,617 |  | $ | 16,027 |
Right of use assets obtained in exchange for lease liabilities |  |  | 4,799 |  |  | 121,066 |
|  | December 31, |
|  | 2020 |  | 2019 |
Weighted average remaining lease term (in years) |  |  | 12.90 |  |  | 12.95 |
Weighted average discount rate |  |  | 3.44 | % |  | 3.53 | %
The following table sets forth the maturities of the Company’s lease liabilities and the present value discount at December 31, 2020.
(dollars in thousands) |  |  |
2021 |  | $ | 17,608
2022 |  |  | 17,227
2023 |  |  | 15,643
2024 |  |  | 13,368
2025 |  |  | 11,121
Thereafter |  |  | 91,398
Total |  | $ | 166,365
Present value discount |  |  | (35,738)
Lease liability |  | $ | 130,627
The following table sets forth the components of the Company’s lease expense for the years ended December 31, 2020 and 2019.
|  |  | Years ended December 31,
(in thousands) |  |  | 2020 |  |  | 2019
Operating lease expense |  | $ | 18,994 |  | $ | 18,075
Short-term lease expense |  |  | 165 |  |  | 462
Variable lease expense |  |  | 97 |  |  | 46
Sublease income |  |  | (138) |  |  | (322)
Total |  | $ | 19,118 |  | $ | 18,261
At December 31, 2020, the Company had not entered into any material leases that had not yet commenced.

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- 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
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