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Leases | 9 Months Ended
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Sep. 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 leases are classified as operating leases.
| For the three months ended | For the nine months ended
(in thousands) | September 30, 2019 | September 30, 2019
Operating lease cost | $ | 821 |  | $ | 2,434 |
Short-term lease cost | 81 |  | 215 |
Total lease cost | $ | 902 |  | $ | 2,649 |
Payments on operating leases included in the measurement of lease liabilities during the nine months ended September 30, 2019 totaled $2.4 million. Right-of-use assets obtained in exchange for lease obligations totaled $0.4 million during the nine months ended September 30, 2019. Supplemental balance sheet information related to leases was as follows:
| As of
(in thousands) | September 30, 2019
Operating lease right-of-use assets, included in other assets | $ | 13,849 |
Operating lease liabilities, included in other liabilities | 14,440 |
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 | $ | 818 |
2020 | 3,329 |
2021 | 3,355 |
2022 | 2,795 |
2023 | 2,191 |
Thereafter | 3,143 |
Total operating lease liabilities, payments | 15,631 |
Less: present value adjustment | 1,191 |
Operating lease liabilities | $ | 14,440 |
As of September 30, 2019, the Company has an operating lease amendment for the expansion of an existing facility that has not yet commenced. This amendment is expected to commence in 2019 with a lease term of 8 years. Lessor income was immaterial during the three and nine months ended September 30, 2019. During the second quarter of 2019, the Company executed an agreement, as landlord, to lease a portion of an owned building. The agreement commenced in the third quarter of 2019 with current payments prorated for partial occupancy. 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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