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LEASES | 12 Months Ended
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Dec. 31, 2021
LEASES |
LEASES | 8. LEASES As a result of the Merger, the Company acquired $45.6 million of operating lease assets and $45.3 million of operating lease liabilities on the Merger Date ​ During the year ended December 31, 2021, the Company elected to terminate one if its corporate headquarters office space leases, which resulted in a decrease to the Company’s operating lease liabilities of $11.6 million, and an early termination fee of $12.0 million. The early termination fee is reported in merger expenses and transaction costs in the consolidated statements of income. ​ During the year ended December 31, 2021, the Company elected to terminate three leases in connection with the combination of three branches into other locations, which resulted in a decrease to the Company’s operating lease liabilities of $3.7 million, and an early termination fee of $4.0 million. The early termination fee is reported in branch restructuring costs in the consolidated statements of income. ​ Maturities of the Company’s operating lease liabilities at December 31, 2021 are as follows:
​ | ​ | ​ | ​
​ | ​ | Rent to be
(In thousands) |  | Capitalized
2022 |  | $ | 11,934
2023 |  | ​ | 10,694
2024 |  | ​ | 10,587
2025 |  | ​ | 10,352
2026 |  | ​ | 9,631
Thereafter |  | ​ | 17,306
Total undiscounted lease payments |  | ​ | 70,504
Less amounts representing interest |  | ​ | (4,401)
Operating lease liabilities | ​ | $ | 66,103
​ Other information related to our operating leases was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended
​ | ​ | December 31,
(In thousands) |  | 2021 |  | 2020 |  | 2019
Operating lease cost | ​ | $ | 14,341 | ​ | $ | 6,522 | $ | 6,588
Cash paid for amounts included in the measurement of operating lease liabilities | ​ | ​ | 13,975 | ​ | ​ | 7,030 |  | 6,907
​
​ | ​ | ​ | ​
​ | ​ | December 31, |
​ |  | 2021 |
Weighted average remaining lease term |  | 6.6 | years
Weighted average discount rate |  | 1.79 | %
​

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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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