XML 200 R16.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
LEASES
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
LEASES LEASES

We have operating leases for corporate offices, branches and loan production offices. Our 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:
 
 
 
Year Ended December 31,
($ in thousands)
 
 
2019
Operating Lease Expense
 
 
$
6,622

Variable Lease Expense
 
 
356

Sublease Income
 
 
(250
)
Total Lease Expense
 
 
$
6,728

Supplemental cash flow information related to leases was as follows:
 
 
 
Year Ended December 31,
($ in thousands)
 
 
2019
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
 
 
 
Operating cash flows
 
 
$
6,989

ROU assets obtained in the exchange for lease liabilities:
 
 
 
ROU assets obtained in exchange for lease liabilities
 
 
$
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)
 
December 31, 2019
Operating Leases:
 
 
Operating lease right-of-use assets
 
$
22,540

Operating lease liabilities
 
23,692

 
 
December 31, 2019
Weighted-average remaining lease term (in years):
 
 
Operating leases
 
6.69 years

Weighted-average discount rate:
 
 
Operating leases
 
2.92
%


Maturities of operating lease liabilities at December 31, 2019 were as follows:
($ in thousands)
 
Operating
Leases
2020
 
$
6,727

2021
 
4,965

2022
 
3,387

2023
 
2,578

2024
 
1,710

Thereafter
 
7,046

Total lease payments
 
26,413

Less: present value discount
 
(2,721
)
Total Lease Liability
 
$
23,692


We lease certain equipment under finance leases. Finance lease obligations totaled $585 thousand and $1.1 million at December 31, 2019 and 2018. The finance lease arrangements require monthly payments through 2023.
LEASES LEASES

We have operating leases for corporate offices, branches and loan production offices. Our 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:
 
 
 
Year Ended December 31,
($ in thousands)
 
 
2019
Operating Lease Expense
 
 
$
6,622

Variable Lease Expense
 
 
356

Sublease Income
 
 
(250
)
Total Lease Expense
 
 
$
6,728

Supplemental cash flow information related to leases was as follows:
 
 
 
Year Ended December 31,
($ in thousands)
 
 
2019
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
 
 
 
Operating cash flows
 
 
$
6,989

ROU assets obtained in the exchange for lease liabilities:
 
 
 
ROU assets obtained in exchange for lease liabilities
 
 
$
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)
 
December 31, 2019
Operating Leases:
 
 
Operating lease right-of-use assets
 
$
22,540

Operating lease liabilities
 
23,692

 
 
December 31, 2019
Weighted-average remaining lease term (in years):
 
 
Operating leases
 
6.69 years

Weighted-average discount rate:
 
 
Operating leases
 
2.92
%


Maturities of operating lease liabilities at December 31, 2019 were as follows:
($ in thousands)
 
Operating
Leases
2020
 
$
6,727

2021
 
4,965

2022
 
3,387

2023
 
2,578

2024
 
1,710

Thereafter
 
7,046

Total lease payments
 
26,413

Less: present value discount
 
(2,721
)
Total Lease Liability
 
$
23,692


We lease certain equipment under finance leases. Finance lease obligations totaled $585 thousand and $1.1 million at December 31, 2019 and 2018. The finance lease arrangements require monthly payments through 2023.