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Commitments and Contingencies - (Tables)
 6 Months Ended
Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Undrawn Loan Commitments and Standby Letters of Credit
The contractual amount of undrawn loan commitments and standby letters of credit not reflected in the consolidated statements of condition are as follows:
(in thousands)
June 30, 2019

December 31, 2018

Commercial lines of credit
$
234,953

$
238,361

Revolving home equity lines
187,244

189,971

Undisbursed construction loans
49,037

46,229

Personal and other lines of credit
9,779

14,109

Standby letters of credit
2,014

2,636

   Total commitments and standby letters of credit
$
483,027

$
491,306
Schedule of Operating and Finance Lease Right-of-use Assets and Lease Liabilities
The following table shows the balances of operating and finance lease right-of-use assets and lease liabilities as of June 30, 2019.
(in thousands)
June 30, 2019

Operating leases:
 
Operating lease right-of-use assets
$
12,515

Operating lease liabilities
$
14,332

Finance leases:
 
Finance lease right-of-use assets
$
380

Accumulated amortization
(85
)
Finance lease right-of-use assets, net1
$
295

Finance lease liabilities2
$
297

1 Included in premises and equipment in the consolidated statements of condition.
2 Included in borrowings and other obligations in the consolidated statements of condition.
Schedule of Components of Operating and Finance Lease Cost
The following table shows supplemental disclosures of noncash investing and financing activities for the period presented. There were no lease-related noncash investing and financing activities for the six months ended June 30, 2018.
 
Six months ended
(in thousands)
June 30, 2019
Right-of-use assets obtained in exchange for operating lease liabilities
$
1,286

Right-of-use assets obtained in exchange for finance lease liabilities
$
31

Reclassification of deferred rent and unamortized lease incentives from other liabilities to operating lease right-of-use assets
$
1,967


The following table shows components of operating and finance lease cost.
 
Three months ended
Six months ended
(in thousands)
June 30, 2019
June 30, 2019
Operating lease cost1
$
1,067

$
2,071

 
 
 
Finance lease cost:
 
 
Amortization of right-of-use assets2
$
43

$
85

Interest on finance lease liabilities3
2

5

Total finance lease cost
$
45

$
90

Total lease cost
$
1,112

$
2,161

1 Included in occupancy and equipment expense in the consolidated statements of comprehensive income.
 
2 Included in depreciation and amortization in the consolidated statements of comprehensive income.
 
3 Included in interest on borrowings and other obligations in the consolidated statements of comprehensive income.
 
Schedule of Operating Lease Liability Maturities
The following table shows the future minimum lease payments, weighted average remaining lease terms, and weighted average discount rates under operating and finance lease arrangements as of June 30, 2019. Total minimum lease payments do not include obligations of approximately $398 thousand for an operating lease that has not commenced. The discount rates used to calculate the present value of lease liabilities were based on the collateralized FHLB borrowing rates that were commensurate with lease terms and minimum payments on the later of the date we adopted the new lease accounting standards or lease commencement date.
(in thousands)
June 30, 2019
Year
Operating Leases

 
Finance Leases

2019
$
2,277

 
$
89

2020
4,424

 
170

2021
2,746

 
37

2022
1,890

 
8

2023
1,400

 
1

Thereafter
2,716

 
—

Total minimum lease payments
15,453

 
305

Amounts representing interest (present value discount)
(1,121
)
 
(8
)
Present value of net minimum lease payments
$
14,332

 
$
297

 
 
 
 
Weighted average remaining term (in years)
5.1

 
1.8

Weighted average discount rate
2.81
%
 
2.88
%
Schedule of Finance Lease Liability Maturities
The following table shows the future minimum lease payments, weighted average remaining lease terms, and weighted average discount rates under operating and finance lease arrangements as of June 30, 2019. Total minimum lease payments do not include obligations of approximately $398 thousand for an operating lease that has not commenced. The discount rates used to calculate the present value of lease liabilities were based on the collateralized FHLB borrowing rates that were commensurate with lease terms and minimum payments on the later of the date we adopted the new lease accounting standards or lease commencement date.
(in thousands)
June 30, 2019
Year
Operating Leases

 
Finance Leases

2019
$
2,277

 
$
89

2020
4,424

 
170

2021
2,746

 
37

2022
1,890

 
8

2023
1,400

 
1

Thereafter
2,716

 
—

Total minimum lease payments
15,453

 
305

Amounts representing interest (present value discount)
(1,121
)
 
(8
)
Present value of net minimum lease payments
$
14,332

 
$
297

 
 
 
 
Weighted average remaining term (in years)
5.1

 
1.8

Weighted average discount rate
2.81
%
 
2.88
%