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OPERATING LEASE RIGHT OF USE ASETS AND LIABILITIES

6 Months Ended

Mar. 31, 2020

OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES

Operating lease ROU assets, included in other assets, were $27.3 million at March 31, 2020.

Operating lease liabilities, included in accrued expenses and other liabilities, were $28.6 million at March 31, 2020.

Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities were as follows:


(Dollars in Thousands)
Remaining in 2020	$	1,843
2021	3,742
2022	3,480
2023	2,799
2024	2,808
Thereafter	18,520
Total undiscounted future minimum lease payments	33,192
Discount	(4,557)
Total operating lease liabilities	$	28,635

The weighted-average discount rate and remaining lease term for operating leases were as follows:


	March 31, 2020
Weighted-average discount rate	2.34	%
Weighted-average remaining lease term (years)	11.7

The components of total lease costs for operating leases, included in occupancy and equipment noninterest expense, were as follows:


(Dollars in Thousands)	Six Months Ended March 31, 2020
Lease expense	$	1,613
Short-term and variable lease cost	334
Sublease income	(364)
Total lease cost for operating leases	$	1,583