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Leases (Tables)
 12 Months Ended
Dec. 31, 2021
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, 2021December 31, 2020
ASSETS
Operating lease ROU assets (1)
Other assets$12,677 $16,578 
LIABILITIES
Operating lease liabilities (1)
Other liabilities$14,524 $18,005 
(1) Excludes operating leases of BMT included in assets and liabilities of discontinued operations.
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)Classification202120202019
Operating lease cost (1)(2)
Occupancy expenses$4,545 $5,298 $4,725 
(1) There were no variable lease costs for the years ended December 31, 2021, 2020 and 2019, and sublease income for operating leases was immaterial.
(2) Excludes operating leases of BMT included in assets and liabilities of discontinued operations.
Maturities of Non-Cancelable Operating Lease Liabilities
Maturities of non-cancelable operating lease liabilities were as follows at December 31, 2021:
(amounts in thousands)December 31, 2021
2022$4,654 
20234,298 
20243,268 
20252,124 
2026995 
Thereafter429 
Total minimum payments15,768 
Less: interest1,244 
Present value of lease liabilities$14,524 
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, 2021 and 2020:
(amounts in thousands)December 31, 2021December 31, 2020
Weighted average remaining lease term (years)
Operating leases (1)
3.9 years4.7 years
Weighted average discount rate
Operating leases (1)
2.74 %2.90 %
(1) Excludes operating leases of BMT included in assets and liabilities of discontinued operations.
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, 2021 and 2020:
(amounts in thousands)ClassificationDecember 31, 2021December 31, 2020
ASSETS
Direct financing leases
Lease receivablesLoans and leases receivable$134,855 $104,982 
Guaranteed residual assetsLoans and leases receivable11,397 12,988 
Unguaranteed residual assetsLoans and leases receivable5,665 1,229 
Deferred initial direct costsLoans and leases receivable448 560 
Unearned incomeLoans and leases receivable(5,383)(11,175)
Net investment in direct financing leases$146,982 $108,584 
Operating leases
Investment in operating leasesOther assets$158,135 $131,791 
Accumulated depreciationOther assets(40,749)(28,919)
Deferred initial direct costsOther assets872 996 
Net investment in operating leases118,258 103,868 
Total lease assets$265,240 $212,452