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Leasing (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Supplemental Lease Information
Operating lease amounts included in the Consolidated Statement of Condition are as follows:
(In thousands)
 
 
June 30, 2019
Assets
Classification
 
 
ROU assets
Other assets
$
34,212

 
 
 
 
Liabilities
 
 
 
Current lease liabilities
Other liabilities
$
3,402

Non-current lease liabilities
Other liabilities
 
33,046

Total lease liabilities
 
$
36,448


Other information related to operating leases was as follows:
(In thousands)
 
Three Months Ended
June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows from operating leases
$
1,172

Weighted-average remaining lease term on operating leases
 
14.02

Weighted-average discount rates on operating leases
 
3.53
%

(In thousands)
 
Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows from operating leases
$
2,331

Weighted-average remaining lease term on operating leases
 
14.02

Weighted-average discount rates on operating leases
 
3.53
%

Components of Operating Lease Expense
The components of operating lease expense, primarily included in “Net occupancy expense of premises,” were as follows:
(In thousands)
 
Three Months Ended
June 30, 2019
Lease Costs
 
 
Operating lease cost
$
1,173

Variable lease cost
 
94

Short-term lease cost
 
1

Sublease income
 
(9
)
Total lease cost
$
1,259


(In thousands)
 
Six Months Ended June 30, 2019
Lease Costs
 
 
Operating lease cost
$
2,315

Variable lease cost
 
190

Short-term lease cost
 
1

Sublease income
 
(17
)
Total lease cost
$
2,489


Schedule of Operating Lease Liability Maturities
Future minimum lease payments under operating leases were as follows:
(In thousands)
 
Operating Leases
Six Months 2019
$
2,328

2020
 
4,334

2021
 
3,983

2022
 
3,939

2023
 
3,691

2024 and subsequent years
 
29,332

Total lease payments
$
47,607

Less: Interest
 
(11,159
)
Present value of lease liabilities
$
36,448