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Leases | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Leases |
NOTE 17 – LEASES
The Corporation has operating leases for certain financial centers, corporate offices and land. The following table presents the components of lease expense, which is included in net occupancy expense on the consolidated statements of income (in thousands):
|  | 2021 |  | 2020 |  | 2019
Operating lease expense | $ | 16,345 |  |  | $ | 18,481 |  |  | $ | 18,852 |
Variable lease expense | 1,384 |  |  | 2,830 |  |  | 2,924
Sublease income | (860) |  |  | (749) |  |  | (791) |
Total lease expense | $ | 16,869 |  |  | $ | 20,562 |  |  | $ | 20,985 |
Supplemental consolidated balance sheet information related to leases was as follows as of December 31 (dollars in thousands):
Operating Leases |  | Balance Sheet Classification |  | 2021 |  | 2020
ROU assets |  | Other assets |  | $ | 82,431 |  |  | $ | 84,227 |
Lease liabilities |  | Other liabilities |  | $ | 92,864 |  |  | $ | 96,812 |
Weighted average remaining lease term |  |  |  | 7.0 years |  | 7.5 years
Weighted average discount rate |  |  |  | 2.73 | % |  | 2.96 | %
The discount rate used in determining the lease liability for each individual lease was the FHLB fixed advance rate which corresponded with the remaining lease term, as of January 1, 2019, for leases that existed at adoption and as of the lease commencement or modification date for leases subsequently entered into. Supplemental cash flow information related to operating leases was as follows (in thousands):
| 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities | $ | 19,611 |  |  | $ | 18,973 |
ROU assets obtained in exchange for lease obligations | 12,588 |  |  | 2,931 |
Lease payment obligations for each of the next five years and thereafter, with a reconciliation to the Corporation's lease liability were as follows (in thousands):
Year | Operating Leases
2022 | $ | 19,310 |
2023 | 18,086 |
2024 | 15,974 |
2025 | 14,099 |
2026 | 11,648 |
Thereafter | 35,858 |
Total lease payments | 114,975 |
Less: imputed interest | (22,111) |
Present value of lease liabilities | $ | 92,864 |
As of December 31, 2021, the Corporation had not entered into any material leases that have 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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