Leases (Tables)

12 Months Ended

Dec. 31, 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:

	For the Year Ended December 31,
	2020		2019
	(Dollars in thousands)
Operating leases	$	18,065	$	11,685
Short-term leases	2,031		2,369
Total lease expense	$	20,096	$	14,054

Schedule of supplemental information

The following tables present supplemental information related to operating leases as of and for year ended:

	December 31, 2020		December 31, 2019
	(Dollars in thousands)
Balance Sheet:
Operating lease right-of-use assets	$	76,090	$	43,177
Operating lease liabilities	85,556		46,498
	For the Year Ended December 31,
	2020		2019
	(Dollars in thousands)
Cash Flows:
Operating cash flows from operating leases	16,528		11,747

Schedule of minimum contractual lease payments and other information

The following tables provide information related to minimum contractual lease payments and other information associated with the Company’s leases as of December 31, 2020 and December 31, 2019:

	2021		2022		2023		2024		2025		Thereafter		Total
	(Dollars in thousands)
December 31, 2020
Contractual base rents (1):
Operating leases	$	21,042	$	19,569	$	18,361	$	16,113	$	10,991	$	13,009	$	99,085
Short-term leases	215		—		—		—		—		—		215
Total contractual base rents	$	21,257	$	19,569	$	18,361	$	16,113	$	10,991	$	13,009	$	99,300
Total liability to make lease payments													$	85,556
Difference in undiscounted and discounted future lease payments													13,744
Weighted average discount rate													5.73		%
Weighted average remaining lease term (years)													5.3

	2020		2021		2022		2023		2024		Thereafter		Total
	(Dollars in thousands)
December 31, 2019
Contractual base rents (1):
Operating leases	$	10,138	$	10,602	$	10,137	$	9,055	$	7,318	$	7,265	$	54,515
Short-term leases	143		7		—		—		—		—		150
Total contractual base rents	$	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 rate													6.13		%
Weighted average remaining lease term (years)													5.4
(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.