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Leases | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Leases |
23. | LEASES
The Company’s operating leases, where the Company is a lessee, include real estate, such as office space and banking centers. Lease expense for operating leases is recognized on a straight-line basis over the term of the lease and is reflected in the consolidated statement of earnings. While the Company has, as a lessor, certain equipment finance leases, such leases are not material to the Company’s consolidated financial statements. The following presents the components of lease costs and supplemental information related to leases as of December 31, 2019.
|  | December 31, 2019 |
|  | (Dollars in thousands) |
Lease Assets and Liabilities |  |  |  |
ROU assets |  | $ | 18,522 |
Total lease liabilities |  |  | 21,392 |
|  | Year Ended December 31, 2019 |
|  | (Dollars in thousands) |
Lease Cost |  |  |  |
Operating lease expense (1) |  | $ | 7,274 |
Sublease income |  |  | - |
Total lease expense |  | $ | 7,274 |
| (1) | Includes short-term leases and variable lease costs, which are immaterial.
Other Information |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash outflows from operating leases , net |  | $ | 8,497 |
Lease Term and Discount Rate |  |  |  |
|  | December 31, 2019 |
Weighted average remaining lease term (years) |  |  | 4.18 |
Weighted average discount rate |  |  | 3.34 | %
The Company’s lease arrangements that have not yet commenced as of December 31, 2019 and the Company’s short-term lease costs and variable lease costs, for the year ended December 31, 2019 are not material to the consolidated financial statements. The future lease payments required for leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2019, excluding property taxes and insurance, are as follows:
|  | December 31, 2019 |
|  | (Dollars in thousands) |
Year: |  |  |
2020 |  | $ | 7,248 |
2021 |  |  | 5,512 |
2022 |  |  | 4,325 |
2023 |  |  | 2,542 |
2024 |  |  | 1,495 |
Thereafter |  |  | 1,781 |
Total future lease payments |  |  | 22,903 |
Less: Imputed interest |  |  | (1,511 | )
Present value of lease liabilities |  | $ | 21,392 |
Disclosures related to periods prior to adoption of ASC Topic 842 At December 31, 2018, future minimum lease payments under noncancelable operating leases with initial or remaining lease terms in excess of one year as of December 31, 2018 were $9.3 million, $5.9 million, $ 4.1 million, $ 2.8 million, and $ 1.2 million for 2019 through 2023, respectively, and $ 1.7 million in the aggregate for all years thereafter. These amounts exclude variable lease payments and commitments under 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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