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LEASES
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
LEASES LEASES
A lease provides the lessee the right to control the use of an identified asset for a period of time in exchange for consideration. The Company has primarily entered into operating leases for branches and office space. Most of the Company's leases contain renewal options, which the Company is reasonably certain to exercise. Including renewal options, the Company's leases range from three years to 50 years. Operating lease right-of-use assets and lease liabilities are included in other assets and accrued interest and other liabilities on the Company's unaudited condensed consolidated balance sheets.
The Company uses its incremental borrowing rate to determine the present value of the lease payments, as the rate implicit in the Company's leases is not readily determinable. Lease agreements that contain non-lease components are generally accounted for as a single lease component, while variable costs, such as common area maintenance expenses and property taxes, are expensed as incurred.
The following table presents information related to the Company's operating leases at September 30, 2020 and December 31, 2019:
September 30, 2020December 31, 2019
Operating lease ROU assets$8,949 $9,222 
Operating lease ROU liabilities9,398 9,688 
Weighted-average remaining lease term (in years)16.817.6
Weighted-average discount rate4.3 %4.5 %
The following table presents information related to the Company's operating leases for the three and nine months ended September 30, 2020 and 2019:
Three Months EndedNine Months Ended
September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Cash paid for operating lease liabilities$210 $330 $847 $791 
Operating lease expense421 507 1,171 1,016 
The following table presents expected future maturities of the Company's lease liabilities as of September 30, 2020:
Remainder of 2020$354 
20211,208 
2022785 
2023807 
2024827 
Thereafter10,288 
14,269 
Less: imputed interest4,871 
Total lease liabilities$9,398