XML 31 R16.htm IDEA: XBRL DOCUMENT v3.20.4
LEASES
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
LEASES LEASES
We have operating leases for corporate offices, branches and loan production offices. Our leases have remaining lease terms of three months to 18 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)20202019
Operating Lease Expense$6,024 $6,622 
Variable Lease Expense279 356 
Sublease Income— (250)
Total Lease Expense$6,303 $6,728 
Supplemental cash flow information related to leases was as follows:
Year Ended December 31,
($ in thousands)20202019
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows$6,812 $6,989 
ROU assets obtained in the exchange for lease liabilities:
ROU assets obtained in exchange for lease liabilities$3,289 5,332 
ROU assets recognized upon adoption of new lease standard$— 23,332 
Supplemental balance sheet information related to leases was as follows:
December 31,
($ in thousands)20202019
Operating Leases:
Operating lease right-of-use assets$19,633 $22,540 
Operating lease liabilities20,647 23,692 
December 31,
20202019
Weighted-average remaining lease term (in years):
Operating leases6.60 years6.69 years
Weighted-average discount rate:
Operating leases2.78 %2.92 %

Maturities of operating lease liabilities at December 31, 2020 were as follows:
($ in thousands)Operating
Leases
2021$5,553 
20224,029 
20233,231 
20242,350 
20252,184 
Thereafter5,514 
Total lease payments22,861 
Less: present value discount(2,214)
Total Lease Liability $20,647 

We lease certain equipment under finance leases. Finance lease obligations totaled $83 thousand and $585 thousand at December 31, 2020 and 2019. The finance lease arrangements require monthly payments through 2024.
LEASES LEASES
We have operating leases for corporate offices, branches and loan production offices. Our leases have remaining lease terms of three months to 18 years, some of which include options to extend the leases generally for periods of three years to five years. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.
The components of lease expense were as follows:
Year Ended December 31,
($ in thousands)20202019
Operating Lease Expense$6,024 $6,622 
Variable Lease Expense279 356 
Sublease Income— (250)
Total Lease Expense$6,303 $6,728 
Supplemental cash flow information related to leases was as follows:
Year Ended December 31,
($ in thousands)20202019
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows$6,812 $6,989 
ROU assets obtained in the exchange for lease liabilities:
ROU assets obtained in exchange for lease liabilities$3,289 5,332 
ROU assets recognized upon adoption of new lease standard$— 23,332 
Supplemental balance sheet information related to leases was as follows:
December 31,
($ in thousands)20202019
Operating Leases:
Operating lease right-of-use assets$19,633 $22,540 
Operating lease liabilities20,647 23,692 
December 31,
20202019
Weighted-average remaining lease term (in years):
Operating leases6.60 years6.69 years
Weighted-average discount rate:
Operating leases2.78 %2.92 %

Maturities of operating lease liabilities at December 31, 2020 were as follows:
($ in thousands)Operating
Leases
2021$5,553 
20224,029 
20233,231 
20242,350 
20252,184 
Thereafter5,514 
Total lease payments22,861 
Less: present value discount(2,214)
Total Lease Liability $20,647 

We lease certain equipment under finance leases. Finance lease obligations totaled $83 thousand and $585 thousand at December 31, 2020 and 2019. The finance lease arrangements require monthly payments through 2024.