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Lease Obligations (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Schedule of Future Minimum Lease Liability The following summary reflects the future minimum payments by year required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year and a reconciliation of those payments to the Company's lease liability as of June 30, 2019.
Lease Liability
(Dollar amounts in thousands)
 
 
As of  
 June 30, 2019
Year Ending December 31,
 
 
2019
 
$
8,124

2020
 
17,409

2021
 
17,277

2022
 
17,284

2023
 
17,419

2024 and thereafter
 
115,479

Total minimum lease payments
 
192,992

Discount(1)
 
(32,973
)
Lease liability(2)
 
$
160,019


(1) 
Represents the net present value adjustment related to minimum lease payments.
(2) 
Included in accrued interest payable and other liabilities in the Consolidated Statements of Financial Condition.
Schedule of Net Operating Lease Expense
The following table presents net operating lease expense for the quarters and six months ended June 30, 2019 and 2018.
Net Operating Lease Expense
(Dollar amounts in thousands)
 
 
Quarters Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
 
2019
 
2018
 
2019
 
2018
Lease expense charged to operations
 
$
4,426

 
$
4,946

 
$
8,486

 
$
9,943

Accretion of operating lease intangible (1)
 

 
(210
)
 

 
(505
)
Accretion of deferred gain on sale-leaseback transaction (1)
 

 
(1,463
)
 

 
(2,926
)
Rental income from premises leased to others (1)
 
(165
)
 
(108
)
 
(322
)
 
(262
)
Net operating lease expense
 
$
4,261

 
$
3,165

 
$
8,164

 
$
6,250


(1) 
Included as reductions to net occupancy and equipment expense in the Condensed Consolidated Statements of Income.