LEASES

The Company has operating leases for corporate offices, branches and loan production offices. The Company’s leases have remaining lease terms of one month to twenty years, some of which include options to extend the leases generally for periods of three years to five years. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The components of lease expense were as follows:



	Three Months Ended March 31,
($ in thousands)	2019
Operating Lease Expense	$	1,776
Variable Lease Expense	89
Sublease Income	(235		)
Total Lease Expense	$	1,630

Supplemental cash flow information related to leases was as follows:



	Three Months Ended March 31,
($ in thousands)	2019
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows	$	1,881
ROU assets obtained in the exchange for lease liabilities:
Operating leases	26,365

Supplemental balance sheet information related to leases was as follows:



($ in thousands)	March 31, 2019
Operating Leases:
Operating lease right-of-use assets	$	24,519
Operating lease liabilities	25,893



	March 31, 2019
Weighted-average remaining lease term (in years):
Operating leases	6.80 years
Weighted-average discount rate:
Operating leases	2.85	%

Maturities of lease liabilities at March 31, 2019 were as follows:



($ in thousands)	Operating Leases
Remainder of 2019	$	4,868
2020	6,323
2021	4,553
2022	3,051
2023	2,278
2024	1,513
Thereafter	6,338
Total lease payments	28,924
Less: present value discount	(3,031		)
Total Lease Liability	$	25,893

As of March 31, 2019, we had additional operating leases, related to branches, that had not yet commenced, with $1.1 million in aggregate rent obligations. These operating leases will commence during 2019 with lease terms of 3 to 5 years.