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Commitments and Contingencies - (Tables)
 3 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Undrawn Loan Commitments and Standby Letters of Credit
The contractual amount of unfunded loan commitments and standby letters of credit not reflected in the consolidated statements of condition are as follows:
(in thousands)March 31, 2021December 31, 2020
Commercial lines of credit$309,469 $287,533 
Revolving home equity lines199,332 189,035 
Undisbursed construction loans89,605 41,033 
Personal and other lines of credit10,431 9,567 
Standby letters of credit1,917 1,964 
   Total commitments and standby letters of credit$610,754 $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.
(in thousands)March 31, 2021December 31, 2020
Operating leases:
Operating lease right-of-use assets$24,559 $25,612 
Operating lease liabilities$25,993 $27,062 
Finance leases:
Finance lease right-of-use assets$62 $365 
Accumulated amortization(31)(307)
Finance lease right-of-use assets, net1
$31 $58 
Finance lease liabilities2
$30 $58 
1 Included in premises and equipment in the consolidated statements of condition.
2 Included in borrowings and other obligations in the consolidated statements of condition.
Schedule of Components of Operating and Finance Lease Cost
The following table shows supplemental disclosures of noncash investing and financing activities for the period presented.
Three months ended
(in thousands)March 31, 2021March 31, 2020
Right-of-use assets obtained in exchange for operating lease liabilities$— $12,178 
Right-of-use assets obtained in exchange for finance lease liabilities$— $18 
The following table shows components of operating and finance lease cost.
Three months ended
(in thousands)March 31, 2021March 31, 2020
Operating lease cost$1,164 $1,055 
Variable lease cost— 2 
Total operating lease cost1
$1,164 $1,057 
Finance lease cost:
Amortization of right-of-use assets2
$27 $44 
Interest on finance lease liabilities3
— 1 
Total finance lease cost27 45 
Total lease cost$1,191 $1,102 
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 March 31, 2021. 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)March 31, 2021
YearOperating LeasesFinance Leases
2021$3,431 $13 
20224,424 14 
20234,004 4 
20243,300 — 
20252,876 — 
Thereafter9,867 — 
Total minimum lease payments27,902 31 
Amounts representing interest (present value discount)(1,909)(1)
Present value of net minimum lease payments (lease liability)$25,993 $30 
Weighted average remaining term (in years)7.62.0
Weighted average discount rate1.79 %1.93 %
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 March 31, 2021. 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)March 31, 2021
YearOperating LeasesFinance Leases
2021$3,431 $13 
20224,424 14 
20234,004 4 
20243,300 — 
20252,876 — 
Thereafter9,867 — 
Total minimum lease payments27,902 31 
Amounts representing interest (present value discount)(1,909)(1)
Present value of net minimum lease payments (lease liability)$25,993 $30 
Weighted average remaining term (in years)7.62.0
Weighted average discount rate1.79 %1.93 %