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Leases (Tables)
 6 Months Ended
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