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Leases (Tables) | 6 Months Ended
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Jun. 30, 2019
Leases [Abstract] |
Lessee, Summary of Right-of-Use Assets and Lease Liabilities | The following table summarizes operating lease ROU assets and operating lease liabilities and their corresponding balance sheet location:
(amounts in thousands) | Classification |  | June 30, 2019
ASSETS |  |  |
Operating lease ROU assets | Other assets |  | $ | 22,069 |
LIABILITIES |  |  |
Operating lease liabilities | Other liabilities |  | $ | 23,256 |
Lease, Cost | The following table summarizes operating lease cost and its corresponding income statement location for the periods presented:
|  |  | Three Months Ended June 30, |  | Six Months Ended June 30,
(amounts in thousands) | Classification |  | 2019 |  | 2019
Operating lease cost (1) | Occupancy expenses |  | $ | 1,462 |  |  | $ | 2,931 |
(1) There were no variable lease costs for the three and six months ended June 30, 2019, and sublease income for operating leases is immaterial.
Maturities of Non-cancelable Operating Lease Liabilities | Maturities of non-cancelable operating lease liabilities were as follows at June 30, 2019:
(amounts in thousands) | June 30, 2019
2019 | $ | 2,840 |
2020 | 5,309 |
2021 | 4,678 |
2022 | 4,076 |
2023 | 3,106 |
Thereafter | 4,785 |
Total minimum payments | 24,794 |
Less: interest | 1,538 |
Present value of lease liabilities | $ | 23,256 |
Summary of Lease Term and Discount Rate for Operating Leases | The following table summarizes the term and discount rate information for Customers' operating leases at June 30, 2019:
(amounts in thousands) | June 30, 2019
Weighted average remaining lease term (years) |
Operating leases | 5.4 years |
Weighted average discount rate |
Operating leases | 2.72 | %
Schedule of Future Minimum Rental Payments for Operating Leases | Future minimum rental commitments pursuant to non-cancelable operating leases as of December 31, 2018, were as follows:
(amounts in thousands) | December 31, 2018
2019 | $ | 5,577 |
2020 | 5,135 |
2021 | 4,513 |
2022 | 3,885 |
2023 | 2,856 |
Thereafter | 4,699 |
Total minimum payments | $ | 26,665 |
Lessor, Lease Receivables and Investment in Operating Leases and their Corresponding Balance Sheet Location | The following table summarizes lease receivables and investment in operating leases and their corresponding balance sheet location at June 30, 2019:
(amounts in thousands) | Classification |  | June 30, 2019
ASSETS |  |  |
Direct financing leases |  |  |
Lease receivables | Loans and leases receivable |  | $ | 64,575 |
Guaranteed residual assets | Loans and leases receivable |  | 5,144 |
Unguaranteed residual assets | Loans and leases receivable |  | 1,266 |
Deferred initial direct costs | Loans and leases receivable |  | 735 |
Unearned income | Loans and leases receivable |  | (6,519 | )
Net investment in direct financing leases |  |  | $ | 65,201 |
Operating leases |  |  |
Investment in operating leases | Other assets |  | $ | 70,974 |
Accumulated depreciation | Other assets |  | (8,957 | )
Deferred initial direct costs | Other assets |  | 813 |
Net investment in operating leases |  |  | 62,830 |
Total lease assets |  |  | $ | 128,031 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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