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Commitments and Contingencies - (Tables)
 6 Months Ended
Jun. 30, 2020
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, 2020December 31, 2019
Commercial lines of credit$305,233  $287,533  
Revolving home equity lines189,107  189,035  
Undisbursed construction loans45,209  41,033  
Personal and other lines of credit10,967  9,567  
Standby letters of credit2,784  1,964  
   Total commitments and standby letters of credit$553,300  $529,132  
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, 2020.
(in thousands)June 30, 2020December 31, 2019
Operating leases:
Operating lease right-of-use assets$23,090  $11,002  
Operating lease liabilities$24,574  $12,615  
Finance leases:
Finance lease right-of-use assets$397  $379  
Accumulated amortization(258) (170) 
Finance lease right-of-use assets, net1
$139  $209  
Finance lease liabilities2
$140  $212  
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.
Six months ended
(in thousands)June 30, 2020June 30, 2019
Right-of-use assets obtained in exchange for operating lease liabilities$14,030  $1,286  
Right-of-use assets obtained in exchange for finance lease liabilities$18  $31  
Reclassification of deferred rent and unamortized lease incentives from other liabilities to operating lease right-of-use assets upon adoption of ASC 842$—  $1,967  

The following table shows components of operating and finance lease cost.
Three months endedSix months ended
(in thousands)June 30, 2020June 30, 2019June 30, 2020June 30, 2019
Operating lease cost$1,114  $1,067  $2,169  $2,071  
Variable lease cost2  —  3  —  
Total operating lease cost1
$1,116  $1,067  $2,172  $2,071  
Finance lease cost:
Amortization of right-of-use assets2
$44  $43  $88  $85  
Interest on finance lease liabilities3
1  2  2  $5  
Total finance lease cost45  45  $90  $90  
Total lease cost$1,161  $1,112  $2,262  $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, 2020. Total minimum lease payments do not include obligations of approximately $3.1 million for operating lease modifications related to two existing retail branches and an operating lease agreement for a new loan production office in San Mateo that commenced subsequent to June 30, 2020. 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, 2020
YearOperating LeasesFinance Leases
2020$2,301  $83  
20213,835  42  
20223,487  13  
20233,039  4  
20242,407  —  
Thereafter11,714  —  
Total minimum lease payments26,783  142  
Amounts representing interest (present value discount)(2,209) (2) 
Present value of net minimum lease payments (lease liability)$24,574  $140  
Weighted average remaining term (in years)8.51.3
Weighted average discount rate2.08 %2.64 %
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, 2020. Total minimum lease payments do not include obligations of approximately $3.1 million for operating lease modifications related to two existing retail branches and an operating lease agreement for a new loan production office in San Mateo that commenced subsequent to June 30, 2020. 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, 2020
YearOperating LeasesFinance Leases
2020$2,301  $83  
20213,835  42  
20223,487  13  
20233,039  4  
20242,407  —  
Thereafter11,714  —  
Total minimum lease payments26,783  142  
Amounts representing interest (present value discount)(2,209) (2) 
Present value of net minimum lease payments (lease liability)$24,574  $140  
Weighted average remaining term (in years)8.51.3
Weighted average discount rate2.08 %2.64 %