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LEASES | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
LEASES | 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 September 30, |  | Nine Months Ended September 30,
($ in thousands) |  | 2019 |  | 2019
Operating Lease Expense |  | $ | 1,557 |  |  | $ | 5,053 |
Variable Lease Expense |  | 89 |  |  | 267 |
Sublease Income |  | — |  |  | (250 | )
Total Lease Expense |  | $ | 1,646 |  |  | $ | 5,070 |
Supplemental cash flow information related to leases was as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
($ in thousands) |  | 2019 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities for operating leases: |  |  |  |
Operating cash flows |  | $ | 1,673 |  |  | $ | 5,292 |
ROU assets obtained in the exchange for lease liabilities: |  |  |  |
ROU assets obtained in exchange for lease liabilities |  | $ | 1,243 |  |  | $ | 5,332 |
ROU assets recognized upon adoption of new lease standard |  | $ | — |  |  | $ | 23,332 |
Supplemental balance sheet information related to leases was as follows:
($ in thousands) |  | September 30, 2019
Operating Leases: |  |
Operating lease right-of-use assets |  | $ | 23,907 |
Operating lease liabilities |  | 25,210 |
|  | September 30, 2019
Weighted-average remaining lease term (in years): |  |
Operating leases |  | 6.74 years |
Weighted-average discount rate: |  |
Operating leases |  | 2.90 | %
Maturities of lease liabilities at September 30, 2019 were as follows:
($ in thousands) |  | Operating Leases
Remainder of 2019 |  | $ | 1,697 |
2020 |  | 6,727 |
2021 |  | 4,965 |
2022 |  | 3,387 |
2023 |  | 2,578 |
2024 |  | 1,710 |
Thereafter |  | 7,046 |
Total lease payments |  | 28,110 |
Less: present value discount |  | (2,900 | )
Total Lease Liability |  | $ | 25,210 |

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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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