XML 27 R16.htm IDEA: XBRL DOCUMENT v3.19.1
Leases
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Leases
LEASES

The Company has banking and limited-service facilities, datacenters, and certain equipment leased under agreements. Most of the leases expire between 2019 and 2024 and include one or more renewal options of up to five years. One lease expires in 2030. All the leases are classified as operating leases.
 
For the three months ended
(in thousands)
March 31, 2019
Operating lease cost
$
806

Short-term lease cost
35

Less: sublease income
$
(88
)
Total lease cost
$
753


Supplemental cash flow information related to leases was as follows:
 
For the three months ended
(in thousands)
March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
 
Payments on operating leases
$
861



    
Supplemental balance sheet information related to leases was as follows:
 
As of
(in thousands)
March 31, 2019
Operating lease right-of-use assets
$
14,858

Operating lease liabilities
15,462

 
 
Operating leases
 
Weighted average remaining lease term
6 years

Weighted average discount rate
3.0
%


Maturities of operating lease liabilities were as follows:
(in thousands)
 
Year
Amount
2019
$
2,378

2020
3,246

2021
3,272

2022
2,709

2023
2,106

Thereafter
3,143

Total operating lease liabilities, payments
16,854

Less: present value adjustment
1,392

Operating lease liabilities
$
15,462



As of March 31, 2019, we have an operating lease amendment for the expansion of an existing facility that has not yet commenced. This amendment will commence in 2019 with a lease term of 8 years.