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Premises and equipment (Tables)
12 Months Ended
Dec. 31, 2021
Property Plant And Equipment [Abstract]  
Summary of Premises and Equipment

The detail of premises and equipment was as follows:

 

 

 

December 31

 

 

 

2021

 

 

2020

 

 

 

(In thousands)

 

Land

 

$

93,862

 

 

$

94,929

 

Buildings

 

 

512,988

 

 

 

513,290

 

Leasehold improvements

 

 

304,825

 

 

 

302,246

 

Furniture and equipment — owned

 

 

880,153

 

 

 

807,701

 

Furniture and equipment — capital leases

 

 

115

 

 

 

8,630

 

 

 

 

1,791,943

 

 

 

1,726,796

 

Less: accumulated depreciation and amortization

 

 

 

 

 

 

 

 

Owned assets

 

 

1,026,842

 

 

 

971,979

 

Capital leases

 

 

38

 

 

 

5,933

 

 

 

 

1,026,880

 

 

 

977,912

 

Right of use assets — operating leases

 

 

379,702

 

 

 

412,674

 

Premises and equipment, net

 

$

1,144,765

 

 

$

1,161,558

 

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,

 

 

 

2021

 

 

2020

 

 

2019

 

 

  

(Dollars in thousands)

 

Lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

101,353

 

 

$

104,158

 

 

$

100,669

 

Short-term lease cost

 

 

111

 

 

 

198

 

 

 

105

 

Variable lease cost

 

 

4,103

 

 

 

1,565

 

 

 

2,332

 

Total lease cost

 

$

105,567

 

 

$

105,921

 

 

$

103,106

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for

     new operating lease liabilities

 

$

57,760

 

 

$

70,754

 

 

$

132,219

 

Cash paid toward lease liabilities

 

 

106,586

 

 

 

104,396

 

 

 

101,869

 

Weighted-average remaining lease term

 

6 years

 

 

7 years

 

 

7 years

 

Weighted-average discount rate

 

 

2.51

%

 

 

2.74

%

 

 

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:

 

 

 

2022

$

102,417

 

2023

 

86,467

 

2024

 

71,321

 

2025

 

56,413

 

2026

 

42,634

 

Later years

 

107,652

 

Total lease payments

 

466,904

 

Less: imputed interest

 

35,792

 

Total

$

431,112