LEASES

6 Months Ended

Jun. 30, 2019

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 June 30,			Six Months Ended June 30,
($ in thousands)	2019			2019
Operating Lease Expense	$	1,720		$	3,496
Variable Lease Expense	89			178
Sublease Income	(15		)	(250		)
Total Lease Expense	$	1,794		$	3,424

Supplemental cash flow information related to leases was as follows:



	Three Months Ended June 30,		Six Months Ended June 30,
($ in thousands)	2019		2019
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows	$	1,738	$	3,619
ROU assets obtained in the exchange for lease liabilities:
ROU assets obtained in exchange for lease liabilities	$	1,055	$	4,089
ROU assets recognized upon adoption of new lease standard	$	—	$	23,332

Supplemental balance sheet information related to leases was as follows:



($ in thousands)	June 30, 2019
Operating Leases:
Operating lease right-of-use assets	$	24,118
Operating lease liabilities	25,457



	June 30, 2019
Weighted-average remaining lease term (in years):
Operating leases	6.64 years
Weighted-average discount rate:
Operating leases	2.88	%

Maturities of lease liabilities at June 30, 2019 were as follows:



($ in thousands)	Operating Leases
Remainder of 2019	$	3,325
2020	6,590
2021	4,827
2022	3,250
2023	2,440
2024	1,568
Thereafter	6,338
Total lease payments	28,338
Less: present value discount	(2,881		)
Total Lease Liability	$	25,457