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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Sales-type Lease, Lease Income
The components of Equipment Finance assets are as follows:
December 31,2021
Lease receivables$122,927 
Unguaranteed residual asset values36,837 
Unearned income(10,989)
Deferred fees380 
Total$149,155 
Future Minimum Payments to be Received, Fiscal Year Maturity
Future minimum lease payments based on maturity of the Company’s lessor arrangements as of December 31, 2021 were as follows:
2022$43,907 
202335,803 
202427,374 
202516,235 
20269,084 
Thereafter4,382 
Total lease payments$136,785 
Discount effect(13,858)
Present value of future minimum lease payments$122,927 
Supplemental Balance Sheet Information
Balance sheet information related to leases was as follows:
ROU Assets and Lease LiabilitiesBalance Sheet ClassificationDecember 31, 2021December 31, 2020
Operating lease assetsOther assets$77,316 $74,037 
Operating lease liabilities (1)
Other liabilities$91,588 $94,538 
(1)    The difference between operating lease assets and operating lease liabilities is the unamortized balance of deferred rent.
Lease Costs
Components of net lease costs were as follows:
Year Ended December 31,
Net Lease CostsIncome Statement Classification202120202019
Operating lease costs (1)
Occupancy$(18,773)$(17,346)$(19,502)
Sublease revenueOther non-interest income6,149 6,146 4,637 
Net lease costs$(12,624)$(11,200)$(14,865)
(1)    Includes variable lease costs of $1.3 million, $1.5 million and $1.6 million for the years ended December 31, 2021, 2020 and 2019, respectively.
Supplemental Cash Flow Information
Supplemental cash flow information related to the Company’s operating leases was as follows:
Year Ended December 31,202120202019
Non-cash operating activity:
Leased assets obtained in exchange for new and amended operating lease liabilities (1)
$12,914 $84 $15,277 
(1)    Represents non-cash activity and, accordingly, is not reflected on the Consolidated Statements of Cash Flows. Amount includes noncash remeasurements of the operating lease ROU asset.
Future Minimum Undiscounted Lease Payments
The Company’s future minimum undiscounted lease payments under operating leases and anticipated sublease revenue as of December 31, 2021 were as follows:
Operating Lease
Payments
Sublease
Revenue
Net
2022$15,947 $(2,918)$13,029 
202312,465 — 12,465 
202412,810 — 12,810 
202513,163 — 13,163 
202613,375 — 13,375 
Thereafter48,975 — 48,975 
Total lease payments$116,735 $(2,918)$113,817 
Discount effect25,147 
Present value of future minimum lease payments$91,588 
Weighted-average Remaining Lease Term and Discount Rate
The weighted-average remaining lease term and discount rate used in the calculation of the Company’s operating lease assets and liabilities were as follows:
Lease Term and Discount RateDecember 31, 2021
Weighted-average remaining lease term (in years)8.43
Weighted-average discount rate5.42 %