Leases (Tables)

3 Months Ended

Mar. 31, 2019

Schedule Of Operating And Finance Lease Liabilities



Leases	Classification	March 31, 2019
Assets:
Operating lease assets	Operating lease assets	$	16,222
Finance lease assets	Premises and equipment, net ⁽¹⁾	554
Total leased assets		$	16,776

Liabilities:
Operating lease liabilities	Operating lease liabilities	$	17,109
Finance lease liabilities	Accrued interest payable and other liabilities	685
Total leased liabilities		$	17,794

(1) Finance lease assets are recorded net of accumulated amortization of $662 as of March 31, 2019.

Schedule Of Lease Cost

The components of the Corporation's net lease expense for the three months ended March 31, 2019 were as follows:



		Three Months Ended
Lease Cost	Classification	March 31, 2019
Operating lease cost	Net occupancy expense	$	405
Variable lease cost	Net occupancy expense	34
Finance lease cost:
Amortization of leased assets	Net occupancy expense	18
Interest on lease liabilities	Interest expense - borrowed funds	8
Sublease income ⁽¹⁾	Net occupancy expense	(21		)
Net lease cost		$	444

(1) Sublease income excludes rental income from owned properties.



Other Information	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	192
Leased assets obtained in exchange from new operating lease liabilities	16,478

Finance Lease, Liability, Maturity

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



Maturity of Lease Liabilities as of March 31, 2019	Operating Leases ⁽¹⁾		Finance Leases		Total
2019	$	1,309	$	79	$	1,388
2020	1,405		105		1,510
2021	1,458		105		1,563
2022	1,478		105		1,583
2023	1,413		105		1,518
After 2023	16,623		315		16,938
Total lease payments	23,686		814		24,500
Less: Interest	6,577		129		6,706
Present value of lease liabilities	$	17,109	$	685	$	17,794

(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $2,960 of legally binding minimum lease payments for leases signed, but not yet commenced.

Lessee, Operating Lease, Liability, Maturity

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



Maturity of Lease Liabilities as of March 31, 2019	Operating Leases ⁽¹⁾		Finance Leases		Total
2019	$	1,309	$	79	$	1,388
2020	1,405		105		1,510
2021	1,458		105		1,563
2022	1,478		105		1,583
2023	1,413		105		1,518
After 2023	16,623		315		16,938
Total lease payments	23,686		814		24,500
Less: Interest	6,577		129		6,706
Present value of lease liabilities	$	17,109	$	685	$	17,794

Schedule of Weighted Average Lease Term and Discount Rate

Other information related to the Corporation's lease liabilities as of and for the three months ended March 31, 2019 was as follows:



Lease Term and Discount Rate	March 31, 2019
Weighted-average remaining lease term (years)
Operating leases	17.3
Finance leases	7.8

Weighted-average discount rate
Operating leases	3.66	%
Finance leases	4.54	%