Leases (Tables)

3 Months Ended

Mar. 31, 2020

Information related to the Company's operating leases is presented below:



	March 31,			December 31,
	2020			2019
Right-of-use assets	$	31,628		$	32,539
Lease liabilities	34,572			35,525
Weighted average remaining lease term (in years)	13.99			14.07
Weighted average discount rate	3.45		%	3.44		%

The components of lease expense included in Occupancy and equipment expense were as follows:



	Three Months Ended
	March 31,
	2020		2019
Operating lease cost ⁽¹⁾	$	1,289	$	1,112
Short-term lease cost	136		224
Variable lease cost	138		100
Total lease cost	$	1,563	$	1,436

(1) Includes amortization of favorable lease intangible

Lessee, Operating Lease, Liability, Maturity

A maturity analysis of operating lease liabilities and a reconciliation of undiscounted cash flows to the total operating lease liability is as follows:



	March 31,
	2020
Lease payments due on or before:
March 31, 2021	$	5,474
March 31, 2022	4,948
March 31, 2023	4,058
March 31, 2024	3,736
March 31, 2025	3,152
Thereafter	23,389
Total undiscounted cash flows	44,757
Discount on cash flows	(10,185		)
Total lease liability	$	34,572