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Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Components of lease expense
The Company’s lease expense is recorded in premises and occupancy expense in the consolidated statements of income. The following table presents the components of lease expense for the periods indicated:

Three Months EndedNine Months Ended
September 30, 2020September 30, 2019September 30, 2020September 30, 2019
(Dollars in thousands)
Operating lease$5,618 2,879 $12,690 $8,403 
Short-term lease495 575 1,425 1,893 
Total lease expense$6,113 $3,454 $14,115 $10,296 
Schedule of supplemental information
The following table presents supplemental information related to operating leases as of and for nine months ended:
September 30, 2020December 31, 2019
(Dollars in thousands)
Balance Sheet:
Operating lease right of use assets$81,150 $43,177 
Operating lease liabilities91,202 46,498 
Nine Months Ended
September 30, 2020September 30, 2019
(Dollars in thousands)
Cash Flows:
Operating cash flows from operating leases$10,946 $8,786 
Schedule of minimum contractual lease payments and other information
The following table provides information related to minimum contractual lease payments and other information associated with the Company’s leases as of the dates indicated:

20202021202220232024ThereafterTotal
(Dollars in thousands)
As of September 30, 2020
Operating leases$5,559 $21,839 $20,222 $18,667 $16,138 $23,503 $105,928 
Short-term leases74 47 — — — — 121 
Total contractual base rents (1)
$5,633 $21,886 $20,222 $18,667 $16,138 $23,503 $106,049 
Total liability to make lease payments$91,202 
Difference in undiscounted and discounted future lease payments$14,847 
Weighted average discount rate5.70 %
Weighted average remaining lease term (years)5.4

20202021202220232024ThereafterTotal
(Dollars in thousands)
As of December 31, 2019
Operating leases$10,138 $10,602 $10,137 $9,055 $7,318 $7,265 $54,515 
Short-term leases143 — — — — 150 
Total contractual base rents (1)
$10,281 $10,609 $10,137 $9,055 $7,318 $7,265 $54,665 
Total liability to make lease payments$46,498 
Difference in undiscounted and discounted future lease payments$8,167 
Weighted average discount rate6.13 %
Weighted average remaining lease term (years)5.4
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(1) Contractual base rents reflect options to extend and renewals, and do not include property taxes and other operating expenses due under respective lease agreements.