XML 47 R35.htm IDEA: XBRL DOCUMENT v3.22.0.1
Lease Investments (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of components of lease investments by category
The following table shows the components of the investment in direct finance and operating leases as of December 31.
(Dollars in thousands)20212020
Direct finance leases:  
Minimum lease payments$172,017 $160,508 
Estimated unguaranteed residual values — 
Less: Unearned income(22,552)(21,507)
Net investment in direct finance leases$149,465 $139,001 
Operating leases:
Gross investment in operating leases$95,046 $116,818 
Accumulated depreciation(46,613)(51,778)
Net investment in operating leases$48,433 $65,040 
Minimum future lease payments due from clients
The following table shows future minimum lease payments due from clients on direct finance and operating leases at December 31, 2021.
(Dollars in thousands)Direct
Finance Leases
Operating Leases
2022$36,321 $13,301 
202333,179 8,312 
202424,804 4,508 
202522,417 2,085 
202616,971 603 
Thereafter38,325 111 
Total$172,017 $28,920 
Schedule of the components of income from direct finance and operating lease equipment
The following table shows interest income recognized from direct finance lease payments and operating lease equipment rental income and related depreciation expense.
(Dollars in thousands)202120202019
Direct finance leases:
Interest income on lease receivable$6,634 $8,258 $10,985 
Operating leases:
Income related to lease payments$16,647 $23,380 $30,741 
Depreciation expense13,694 20,203 25,128