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OPERATING LEASES (Tables)
 12 Months Ended
Dec. 31, 2019
Leases, Operating [Abstract]  
Schedule of net rent expense for all operating leases
Total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate is summarized below for the period indicated:
 
Year Ended December 31,
(dollars in thousands)
2019
Lease cost:
 
Operating lease cost
$
6,514

Variable lease cost
2,637

Less: sublease income
(44
)
Total lease cost
$
9,107

 
 
Other information:
 
Operating cash flows from operating leases
$
(6,230
)
Weighted-average remaining lease term - operating leases
13.51 years

Weighted-average discount rate - operating leases
3.92
%

Net rent expense for all operating leases for the years ended December 31, 2018 and 2017 is summarized as follows:
 
 
Year Ended December 31,
(dollars in thousands)
2018
 
2017
Rent expense charged to net occupancy
$
8,578

 
$
8,318

Less: sublease income
(41
)
 
(43
)
Net rent expense charged to net occupancy
8,537

 
8,275

Add: rent expense charged to equipment expense
12

 
15

Total net rent expense
$
8,549

 
$
8,290
Schedule of future minimum rental commitments for all noncancellable operating leases that had initial lease terms in excess of one year
The following is a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities for the next five succeeding fiscal years and all years thereafter (dollars in thousands):

Year Ending December 31,
Undiscounted Cash Flows
 
Lease Liability Expense
 
Lease Liability Reduction
2020
$
6,216

 
$
1,965

 
$
4,251

2021
5,907

 
1,808

 
4,099

2022
5,472

 
1,659

 
3,813

2023
5,175

 
1,519

 
3,656

2024
4,947

 
1,385

 
3,562

Thereafter
40,920

 
7,669

 
33,251

Total
$
68,637

 
$
16,005

 
$
52,632
Operating Lease, Lease Income The following represents lease income related to these leases that was recognized for the period indicated:
 
Year Ended December 31,
(dollars in thousands)
2019
Total rental income recognized
$
2,098
Schedule of future minimum rental income for noncancellable operating leases that had initial lease terms in excess of one year
Based on the Company's leases as lessor as of December 31, 2019, estimated lease payments for the next five succeeding fiscal years and all years thereafter are as follows (dollars in thousands):

Year Ending December 31,
 
2020
$
2,133

2021
2,137

2022
1,614

2023
641

2024
165

Thereafter
262

Total
$
6,952