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

The detail of premises and equipment was as follows:

 

 

 

December 31

 

 

 

2019

 

 

2018

 

 

 

(In thousands)

 

Land

 

$

96,118

 

 

$

97,082

 

Buildings

 

 

482,182

 

 

 

465,482

 

Leasehold improvements

 

 

262,438

 

 

 

240,731

 

Furniture and equipment — owned

 

 

739,724

 

 

 

669,782

 

Furniture and equipment — capital leases

 

 

14,232

 

 

 

18,582

 

 

 

 

1,594,694

 

 

 

1,491,659

 

Less: accumulated depreciation and amortization

 

 

 

 

 

 

 

 

Owned assets

 

 

882,272

 

 

 

835,218

 

Capital leases

 

 

8,425

 

 

 

9,033

 

 

 

 

890,697

 

 

 

844,251

 

Right of use assets — operating leases

 

 

436,927

 

 

 

 

Premises and equipment, net

 

$

1,140,924

 

 

$

647,408

 

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.

 

 

 

Year Ended

 

 

 

December 31, 2019

 

 

 

(Dollars in thousands)

 

Lease cost

 

 

 

 

Operating lease cost

 

$

100,669

 

Short-term lease cost

 

 

105

 

Variable lease cost

 

 

2,332

 

Total lease cost

 

$

103,106

 

 

 

 

 

 

Other information

 

 

 

 

Right-of-use assets obtained in exchange for new

     operating lease liabilities

 

$

132,219

 

Cash paid toward lease liabilities

 

 

101,869

 

Weighted-average remaining lease term

 

7 years

 

Weighted-average discount rate

 

 

3.01

%

Summary of Minimum Lease Payments Under Noncancelable Operating Leases

Minimum lease payments under noncancelable operating leases are summarized in the following table.

 

 

(In thousands)

 

Year ending December 31:

 

 

 

2020

$

100,447

 

2021

 

95,199

 

2022

 

79,794

 

2023

 

62,766

 

2024

 

50,539

 

Later years

 

154,585

 

Total lease payments

 

543,330

 

Less: imputed interest

 

55,775

 

Total

$

487,555