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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of operating lease amounts included in consolidated statement of condition and other information related to operating leases
Operating lease amounts included in the Consolidated Statement of Condition are as follows:
(In thousands)
 
December 31, 2019
Assets
Classification
 
ROU assets
Other assets
$
33,501

 
 
 
Liabilities
 
 
Current lease liabilities
Other liabilities
3,256

Non-current lease liabilities
Other liabilities
32,666

Total lease liabilities
 
$
35,922


Other information related to operating leases was as follows:
(In thousands)
Year Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows from operating leases
$4,680
Weighted-average remaining lease term on operating leases
13.85

Weighted-average discount rates on operating leases
3.53
%
ROU assets obtained in exchange for lease liabilities
$39,508

Schedule of components of operating lease expense

The components of operating lease expense, primarily included in “Net occupancy expense of premises,” were as follows:
(In thousands)
Year Ended December 31, 2019
Lease Costs
 
Operating lease cost
$
4,683

Variable lease cost
466

Short-term lease cost
1

Sublease income
(35
)
Total lease cost
$
5,115


Schedule of future minimum lease payments
Future minimum lease payments under operating leases were as follows:
(In thousands)
Operating Leases
2020
$
4,454

2021
4,106

2022
4,059

2023
3,816

2024
3,684

2025 and subsequent years
26,605

Total lease payments
$
46,724

Less: Interest
(10,802
)
Present value of lease liabilities
$
35,922