Leases (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of remaining operating lease payments, inclusive of renewal options

The following table presents the minimum annual lease payments under the terms of these leases, inclusive of renewal options that the Corporation is reasonably certain to renew, at March 31, 2019:




(Dollars in thousands)
April 1, 2019 to December 31, 2019		$2,665
2020	3,433
2021	3,270
2022	3,123
2023	2,991
2024 and thereafter	24,318
Total operating lease payments (1)	39,800
Less interest	9,613
Present value of operating lease liabilities (2)		$30,187

(1) Includes $4.7 million related to options to extend lease terms that are reasonably certain of being exercised.

(2) Includes short-term operating lease liabilities of $2.5 million.

Schedule of total lease expense

The following table presents the components of total lease expense and operating cash flows:



(Dollars in thousands)
Three months ended March 31,	2019
Lease Expense:
Operating lease expense		$928
Variable lease expense	11
Total lease expense (1)		$939
Cash Paid:
Cash paid reducing operating lease liabilities		$920

(1) Included in net occupancy expenses in the Unaudited Consolidated Income Statement.

Schedule of future minimum lease payments

The following table presents the minimum annual lease payments under the terms of these leases, exclusive of renewal provisions at December 31, 2018:




(Dollars in thousands)
Years ending December 31:	2019		$3,544
	2020	2,980
	2021	2,677
	2022	2,293
	2023	2,059
	2024 and thereafter	22,648
Total minimum lease payments			$36,201