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Leases (Tables)
 12 Months Ended
Dec. 31, 2020
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)ClassificationDecember 31, 2020December 31, 2019
ASSETS
Operating lease ROU assetsOther assets$17,696 $20,232 
LIABILITIES
Operating lease liabilitiesOther liabilities$19,133 $21,358 
Lease, Cost
The following table summarizes operating lease cost and its corresponding income statement location for the periods presented:
For the Years Ended December 31,
(amounts in thousands)ClassificationJuly 12, 1905July 11, 1905
Operating lease cost (1)
Occupancy expenses$6,184 $5,823 
(1) There were no variable lease costs for the years ended December 31, 2020 and 2019, and sublease income for operating leases was immaterial.
Maturities of Non-Cancelable Operating Lease Liabilities
Maturities of non-cancelable operating lease liabilities were as follows at December 31, 2020:
(amounts in thousands)December 31, 2020
2021$5,142 
20224,688 
20233,829 
20242,800 
20251,740 
Thereafter1,446 
Total minimum payments19,645 
Less: interest512 
Present value of lease liabilities$19,133 
Summary of Lease Term and Discount Rate for Operating Leases
The following table summarizes the weighted average remaining lease term and discount rate for Customers' operating leases at December 31, 2020 and 2019:
(amounts in thousands)December 31, 2020December 31, 2019
Weighted average remaining lease term (years)
Operating leases4.5 years5.0 years
Weighted average discount rate
Operating leases2.81 %2.90 %
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 December 31, 2020 and 2019:
(amounts in thousands)ClassificationDecember 31, 2020December 31, 2019
ASSETS
Direct financing leases
Lease receivablesLoans and leases receivable$104,982 $91,762 
Guaranteed residual assetsLoans and leases receivable12,988 7,435 
Unguaranteed residual assetsLoans and leases receivable1,229 1,260 
Deferred initial direct costsLoans and leases receivable560 721 
Unearned incomeLoans and leases receivable(11,175)(11,300)
Net investment in direct financing leases$108,584 $89,878 
Operating leases
Investment in operating leasesOther assets$131,791 $107,850 
Accumulated depreciationOther assets(28,919)(14,251)
Deferred initial direct costsOther assets996 1,052 
Net investment in operating leases103,868 94,651 
Total lease assets$212,452 $184,529