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Leases (Tables)
 9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Schedule Of Operating And Finance Lease Liabilities
LeasesClassificationSeptember 30, 2021December 31, 2020
Assets:
Operating lease assetsOperating lease assets$19,652 $18,407 
Finance lease assets
Premises and equipment, net (1)
375 429 
Total leased assets$20,027 $18,836 
Liabilities:
Operating lease liabilitiesOperating lease liabilities$20,847 $19,449 
Finance lease liabilitiesAccrued interest payable and other liabilities489 550 
Total leased liabilities$21,336 $19,999 
(1) Finance lease assets are recorded net of accumulated amortization of $841 as of September 30, 2021 and $787 as of December 31, 2020.
Schedule Of Lease Cost
The components of the Corporation's net lease expense for the three and nine months ended September 30, 2021 and 2020, respectively, were as follows:
Three months ended September 30,Nine months ended September 30,
Lease CostClassification2021202020212020
Operating lease costNet occupancy expense$451 $435 $1,328 $1,349 
Variable lease costNet occupancy expense10 26 45 67 
Finance lease cost:
Amortization of leased assetsNet occupancy expense18 18 54 54 
Interest on lease liabilitiesInterest expense - borrowed funds6 6 18 20 
Sublease income (1)
Net occupancy expense(17)(25)(55)(67)
Net lease cost$468 $460 $1,390 $1,423 
(1) Sublease income excludes rental income from owned properties.
Other information related to the Corporation's lease liabilities as of September 30, 2021 and 2020 was as follows:
Other InformationSeptember 30, 2021September 30, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$699 $695 
Finance Lease, Liability, Maturity
The following table sets forth future minimum rental payments under noncancellable leases with terms in excess of one year as of September 30, 2021:
Maturity of Lease Liabilities as of September 30, 2021
Operating Leases (1)
Finance LeasesTotal
2021$428 $26 $454 
20221,766 105 1,871 
20231,655 105 1,760 
20241,621 105 1,726 
20251,614 105 1,719 
After 202521,528 105 21,633 
Total lease payments28,612 551 29,163 
Less: Interest7,765 62 7,827 
Present value of lease liabilities$20,847 $489 $21,336 
(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $6,587 of legally binding minimum lease payments for leases signed, but not yet commenced.
Lessee, Operating Lease, Liability, Maturity
The following table sets forth future minimum rental payments under noncancellable leases with terms in excess of one year as of September 30, 2021:
Maturity of Lease Liabilities as of September 30, 2021
Operating Leases (1)
Finance LeasesTotal
2021$428 $26 $454 
20221,766 105 1,871 
20231,655 105 1,760 
20241,621 105 1,726 
20251,614 105 1,719 
After 202521,528 105 21,633 
Total lease payments28,612 551 29,163 
Less: Interest7,765 62 7,827 
Present value of lease liabilities$20,847 $489 $21,336 
(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $6,587 of legally binding minimum lease payments for leases signed, but not yet commenced.
Schedule of Weighted Average Lease Term and Discount Rate
Lease terms and discount rates related to the Corporation's lease liabilities as of September 30, 2021 and December 31, 2020 were as follows:
Lease Term and Discount RateSeptember 30, 2021December 31, 2020
Weighted-average remaining lease term (years)
Operating leases18.819.0
Finance leases5.36.0
Weighted-average discount rate
Operating leases3.45 %3.46 %
Finance leases4.49 %4.49 %