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Premises and Equipment | 12 Months Ended
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Dec. 31, 2021
Property, Plant and Equipment [Abstract] |
Premises and Equipment | PREMISES AND EQUIPMENT Premises and Equipment Premises and equipment consisted of the following:
(Dollars in thousands) | December 31, 2021 |  | December 31, 2020
Land | $ | 12,992 |  |  | $ | 12,992 |
Buildings | 52,558 |  |  | 51,377 |
Leasehold improvements | 35,235 |  |  | 25,203 |
Automobiles and aircraft | 9,820 |  |  | 15,542 |
Furniture, fixtures and equipment | 35,091 |  |  | 29,204 |
| 145,696 |  |  | 134,318 |
Accumulated depreciation | (39,967) |  |  | (30,914) |
| $ | 105,729 |  |  | $ | 103,404 |
Depreciation expense was $12,037,000, $10,720,000 and $8,135,000 for the years ended December 31, 2021, 2020 and 2019, respectively. Leases The Company leases certain premises and equipment under operating leases. At December 31, 2021 and 2020, the Company had lease liabilities totaling $35,828,000 and $19,148,000, respectively, and right-of-use assets totaling $32,826,000 and $18,118,000, respectively, related to these leases. Lease liabilities and right-of-use assets are reflected in other liabilities and other assets, respectively. For the years ended December 31, 2021 and 2020, the weighted average remaining lease term for operating leases was 8.4 years and 7.2 years, respectively, and the weighted average discount rate used in the measurement of operating lease liabilities was 2.0% and 3.2%, respectively. Lease costs were as follows:
| Year Ended December 31,
(Dollars in thousands) | 2021 |  | 2020 |  | 2019
Operating lease cost | $ | 4,538 |  |  | $ | 5,290 |  |  | $ | 4,377 |
Short-term lease cost | — |  |  | — |  |  | — |
Variable lease cost | 443 |  |  | 422 |  |  | 333 |
Total lease cost | $ | 4,981 |  |  | $ | 5,712 |  |  | $ | 4,710 |
There were no sale and leaseback transactions, leveraged leases, or lease transactions with related parties during the year ended December 31, 2021. At December 31, 2021, the Company did not have any leases that had not yet commenced, but will create significant rights and obligations for the Company. A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows:
(Dollars in thousands) | December 31, 2021
Lease payments due: |
Within one year | $ | 5,066 |
After one but within two years | 4,854 |
After two but within three years | 4,580 |
After three but within four years | 4,600 |
After four but within five years | 4,440 |
After five years | 15,410 |
Total undiscounted cash flows | 38,950 |
Discount on cash flows | (3,122) |
Total lease liability | $ | 35,828 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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