Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Schedule Of Operating And Finance Lease Liabilities

Leases	Classification	September 30, 2019
Assets:
Operating lease assets	Operating lease assets	$	16,837
Finance lease assets	Premises and equipment, net (1)	519
Total leased assets		$	17,356
Liabilities:
Operating lease liabilities	Operating lease liabilities	$	17,696
Finance lease liabilities	Accrued interest payable and other liabilities	648
Total leased liabilities		$	18,344

(1) Finance lease assets are recorded net of accumulated amortization of $697 as of September 30, 2019.

Schedule Of Lease Cost

Other Information	September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	557
Leased assets obtained in exchange from new operating lease liabilities	17,674

The components of the Corporation's net lease expense for the three and nine months ended September 30, 2019 were as follows:

		Three months ended September 30,			Nine months ended September 30,
Lease Cost	Classification	2019			2019
Operating lease cost	Net occupancy expense	$	423		$	1,228
Variable lease cost	Net occupancy expense	33			82
Finance lease cost:
Amortization of leased assets	Net occupancy expense	18			54
Interest on lease liabilities	Interest expense - borrowed funds	7			23
Sublease income (1)	Net occupancy expense	(21		)	(62		)
Net lease cost		$	460		$	1,325

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

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 September 30, 2019:

Maturity of Lease Liabilities as of September 30, 2019	Operating Leases (1)		Finance Leases		Total
2019	$	339	$	26	$	365
2020	1,430		105		1,535
2021	1,483		105		1,588
2022	1,538		105		1,643
2023	1,458		105		1,563
After 2023	17,932		315		18,247
Total lease payments	24,180		761		24,941
Less: Interest	6,484		113		6,597
Present value of lease liabilities	$	17,696	$	648	$	18,344

(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $3,173 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 September 30, 2019:

Maturity of Lease Liabilities as of September 30, 2019	Operating Leases (1)		Finance Leases		Total
2019	$	339	$	26	$	365
2020	1,430		105		1,535
2021	1,483		105		1,588
2022	1,538		105		1,643
2023	1,458		105		1,563
After 2023	17,932		315		18,247
Total lease payments	24,180		761		24,941
Less: Interest	6,484		113		6,597
Present value of lease liabilities	$	17,696	$	648	$	18,344

(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $3,173 of legally binding minimum lease payments for leases signed, but not yet commenced.

Schedule of Weighted Average Lease Term and Discount Rate

Other information related to the Corporation's lease liabilities as of the nine months ended September 30, 2019 was as follows:

Lease Term and Discount Rate	September 30, 2019
Weighted-average remaining lease term (years)
Operating leases	16.9
Finance leases	7.3
Weighted-average discount rate
Operating leases	3.60	%
Finance leases	4.54	%

Other Information	September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	557
Leased assets obtained in exchange from new operating lease liabilities	17,674