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Premises and Equipment (Tables)
12 Months Ended
Dec. 31, 2019
Property Plant And Equipment [Abstract]  
Schedule of Premises and Equipment

Premises and equipment include:

 

 

 

December 31,

 

(in thousands)

 

2019

 

 

2018

 

Land and improvements

 

$

66,609

 

 

$

55,986

 

Buildings and improvements

 

 

221,139

 

 

 

167,044

 

Furniture and equipment

 

 

102,171

 

 

 

76,870

 

Total cost

 

 

389,919

 

 

 

299,900

 

Accumulated depreciation and amortization

 

 

(187,437

)

 

 

(132,975

)

Right of use asset

 

 

58,532

 

 

 

 

Total premises and equipment, net

 

$

261,014

 

 

$

166,925

 

Future Minimum Lease Payments Under Non-cancellable Leases

Future minimum lease payments under non-cancellable leases with initial or remaining lease terms in excess of one year at December 31, 2019 are as follows (in thousands):

 

Year

 

Operating Leases

 

Finance Leases

 

Total

 

2020

 

$

6,517

 

$

851

 

$

7,368

 

2021

 

 

5,948

 

 

855

 

 

6,803

 

2022

 

 

5,177

 

 

873

 

 

6,050

 

2023

 

 

4,649

 

 

885

 

 

5,534

 

2024

 

 

4,164

 

 

890

 

 

5,054

 

2025 and thereafter

 

 

46,617

 

 

4,638

 

 

51,255

 

Total lease payments

 

$

73,072

 

$

8,992

 

$

82,064

 

Less: interest

 

 

(16,559

)

 

(3,414

)

 

(19,973

)

Present value of lease liabilities

 

$

56,513

 

$

5,578

 

$

62,091