Leases (Table)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Summary of Initial Recognition of Operating Lease Assets and Liability

The Company elected to adopt the optional modified retrospective transition approach, which resulted in the following initial recognition amounts on January 1, 2019:

(In thousands)
Operating right-of-use assets	$	65,902
State Bank acquisition		14,089
Total operating right-of-use assets	$	79,991
Operating lease liability	$	92,268

Components of Lease Cost

The components of lease cost for the three months ended March 31, 2019 were as follows:

(In thousands)
Operating lease cost	$	2,646
Variable lease cost		4
Sublease income		(417	)
Total lease cost	$	2,233

Summary of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases at March 31, 2019 was as follows:

(Dollars in thousands)
Weighted average remaining lease term (in years)	12.7
Weighted average discount rate	4.8	%

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases for the three months ended March 31, 2019 was as follows:

(Dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities	$	2,872
Right-of-use assets obtained in exchange for operating lease liabilities		81,601

Schedule of Maturity Analysis of Operating Leases

The following table presents a maturity analysis of the Company’s operating leases as of March 31, 2019:

(In thousands)
2019	$	8,237
2020		10,667
2021		10,677
2022		9,129
2023		8,503
Thereafter		60,904
Total lease payments		108,117
Less: interest		(28,368	)
Operating lease liability	$	79,749