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Leases (Tables)
 6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Schedule of Right-of-Use Assets and Lease Liabilities
The following table represents the classification of the Company’s right-of-use (“ROU”) assets and lease liabilities on the consolidated statements of financial condition (in thousands):
June 30, 2021December 31, 2020
Lease ROU AssetsClassification
Operating lease ROU assetOther assets$21,627 $22,555 
Finance lease ROU assetPremises and equipment, net1,595 1,694 
Total lease ROU asset$23,222 $24,249 
Lease Liabilities
Operating lease liabilityOther liabilities$22,163 $22,990 
Finance lease liabilityOther borrowings2,003 2,100 
Total lease liability$24,166 $25,090 
Schedule of Weighted Average Remaining Lease Term and Discount Rate
June 30, 2021December 31, 2020
Weighted-Average Remaining Lease Term
Operating leases8.04 years7.77 years
Finance lease8.10 years8.59 years
Weighted-Average Discount Rate
Operating leases2.97 %3.01 %
Finance lease5.63 %5.63 %
Schedule of Lease Costs and Other Lease Information
The following table represents lease expenses and other lease information (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
Lease Expense
Operating lease expense$1,471 $1,590 $2,961 $3,313 
Finance lease expense:
Amortization of ROU assets49 41 99 81 
Interest on lease liabilities(1)
28 26 57 53 
Total$1,548 $1,657 $3,117 $3,447 
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,347 $1,404 $2,797 $3,052 
Operating cash flows from finance leases28 26 57 53 
Financing cash flows from finance leases48 47 96 94 
(1)Included in borrowed funds interest expense on the consolidated statements of income. All other costs are included in occupancy expense.
Schedule of Future Minimum Payments for Finance Leases
Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of June 30, 2021 were as follows (in thousands):
Finance LeaseOperating Leases
For the Twelve Months Ended June 30,
2022$307 $5,667 
2023307 3,809 
2024307 3,148 
2025307 2,866 
2026307 2,153 
Thereafter951 7,843 
Total2,486 25,486 
Less: Imputed interest(483)(3,323)
Total lease liabilities$2,003 $22,163 
Schedule of Future Minimum Payments for Operating Leases
Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of June 30, 2021 were as follows (in thousands):
Finance LeaseOperating Leases
For the Twelve Months Ended June 30,
2022$307 $5,667 
2023307 3,809 
2024307 3,148 
2025307 2,866 
2026307 2,153 
Thereafter951 7,843 
Total2,486 25,486 
Less: Imputed interest(483)(3,323)
Total lease liabilities$2,003 $22,163