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Leases | 6 Months Ended
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Jun. 30, 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 | For the six months ended
(in thousands) | June 30, 2019 | June 30, 2019
Operating lease cost | $ | 807 |  | $ | 1,613 |
Short-term lease cost | 73 |  | 134 |
Less: sublease income | $ | (184 | ) | $ | (272 | )
Total lease cost | $ | 696 |  | $ | 1,475 |
Payments on operating leases included in the measurement of lease liabilities during the six months ended June 30, 2019 totaled $1.6 million. Supplemental balance sheet information related to leases was as follows:
| As of
(in thousands) | June 30, 2019
Operating lease right-of-use assets | $ | 14,164 |
Operating lease liabilities | 14,815 |
Operating leases |
Weighted average remaining lease term | 5 years |
Weighted average discount rate | 3.0 | %
Maturities of operating lease liabilities were as follows:
(in thousands) |
Year | Amount
2019 | $ | 1,618 |
2020 | 3,246 |
2021 | 3,272 |
2022 | 2,709 |
2023 | 2,106 |
Thereafter | 3,143 |
Total operating lease liabilities, payments | 16,094 |
Less: present value adjustment | 1,279 |
Operating lease liabilities | $ | 14,815 |
As of June 30, 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. During the quarter ended June 30, 2019, we executed an agreement, as landlord, to lease a portion of an owned building. The agreement will commence in the third quarter of 2019. The initial term is for 7 years, with an annual rental income of $1.3 million.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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