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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases  
Summary of net lease expense

Year Ended

(dollars in thousands)

  

December 31, 2019

 

Operating lease expense

$

9,158

Short-term lease expense

487

Variable lease expense

2,152

Finance lease expense:

Amortization of right-of-use assets

3

Interest on lease liabilities

2

Total finance lease expense

  

5

Less: Sublease income

(1,073)

Net lease expense

$

10,729

Summary of rental expense, net of sublease income, presented in accordance with Topic 840

Year Ended December 31, 

(dollars in thousands)

  

2018

  

2017

Rental expense charged to occupancy

$

9,947

$

8,620

Less: Sublease income

903

1,342

Net rental expense charged to occupancy

9,044

7,278

Rental expense charged to equipment expense

3,679

285

Total

$

12,723

$

7,563

Summary of other information related to the Company's lease liabilities

Year Ended

(dollars in thousands)

  

December 31, 2019

Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows paid for operating leases

$

8,802

Operating cash flows paid for finance leases

$

10

Financing cash flows paid for finance leases

$

10

Right-of-use assets obtained in exchange for new lease obligations:

Operating leases

$

1,401

Weighted Average Remaining Lease Term

Operating leases (years)

15.7

Finance leases (years)

2.5

Weighted Average Discount Rate

Operating leases

3.36

%

Finance leases

6.78

%

Summary of future minimum rental payments under noncancellable leases

Net Operating

Lease

(dollars in thousands)

  

Payments

Year ending December 31:

2020

$

8,776

2021

8,084

2022

5,453

2023

2,964

2024

2,721

Thereafter

32,227

Total future minimum lease payments

60,225

Less: Imputed interest

(15,934)

Total

$

44,291

Summary of future minimum rental payments under operating leases, Topic 840

Operating

Less

Net Operating

Lease

Sublease

Lease

(dollars in thousands)

  

Payments

  

Income

  

Payments

Year ending December 31:

2019

$

8,780

$

903

$

7,877

2020

8,668

903

7,765

2021

7,961

892

7,069

2022

5,101

5,101

2023

2,632

2,632

Thereafter

34,638

34,638

Total future minimum lease payments

$

67,780

$

2,698

$

65,082

Summary of future minimum rental income under noncancellable operating leases

The following table sets forth future minimum rental income under noncancelable operating leases with terms in excess of one year as of December 31, 2019:

Minimum

Rental

(dollars in thousands)

  

Income

Year ending December 31:

2020

$

6,164

2021

6,152

2022

4,431

2023

3,506

2024

2,680

Thereafter

6,511

Total

$

29,444