Operating Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Summary of Right-of-Use Assets Recognized as Component of Premises and Equipment and Lease Liabilities Recognized as Component of Accrued Interest and Other Liabilities in Consolidated Balance Sheet

As of September 30, 2019, the Company reported right-of-use assets recognized as a component of “premises and equipment” and lease liabilities recognized as a component of “accrued interest and other liabilities” in the consolidated balance sheet, as follows:

	September 30, 2019
	(In thousands)
Right-of-use assets	$	392,324
Lease liabilities		424,854

Summary of Lease Costs for Operating Leases, Cash Paid Toward Lease Liabilities, and Weighted-Average Remaining Term and Discount Rates of Operating Leases

The following table presents information about the Company’s lease costs for operating leases recorded in the consolidated balance sheet, cash paid toward lease liabilities, and the weighted-average remaining term and discount rates of the operating leases.

	Three Months Ended			Nine Months Ended
	September 30, 2019			September 30, 2019
	(Dollars in thousands)
Lease cost
Operating lease cost	$	25,058		$	74,599
Short-term lease cost		20			82
Variable lease cost		644			1,733
Sublease income		(1,903	)		(5,724	)
Total net lease cost	$	23,819		$	70,690
Other information
Right-of-use assets obtained in exchange for new      operating lease liabilities	$	24,377		$	69,305
Cash paid toward lease liabilities		25,189			76,050
Weighted-average remaining lease term	7 years			7 years
Weighted-average discount rate		3.1	%		3.1	%

Summary of Minimum Lease Payments Under Noncancelable Operating Leases

Minimum lease payments under noncancelable operating leases are summarized in the following table.  These minimum lease payments are not materially different from those reported in the 2018 Annual Report.

	(In thousands)
Twelve-month period ending September 30:
2020	$	97,712
2021		87,106
2022		72,577
2023		56,821
2024		42,770
Later years		116,467
Total lease payments	$	473,453
Less: imputed interest		48,599
Total	$	424,854