LEASES (Notes) |
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Lessee, Operating Leases [Text Block] | LEASES As of December 31, 2021, the Company had entered into 126 noncancellable operating lease agreements for office space, parking, space for ATM locations and certain branch locations, several of which contain renewal options to extend lease terms for a period of 3 to 20 years. The Company has no financing leases outstanding and no leases with residual value guarantees. As of December 31, 2021, the Company did not have any material sub-lease agreements. The Company's right-of-use asset related to operating leases totaled $60.2 million and $49.7 million at December 31, 2021 and 2020, respectively, and are recognized in the Company's Consolidated Balance Sheet in other assets. During 2021, as part of the acquisition of Meridian, the Company made the decision to exit several branch locations. As a result of these closures, the Company recognized an impairment charge of $2.3 million, which was included within merger and acquisition expense in the Consolidated Statement of Income. During 2020, the Company made the decision to exit two branch locations, resulting in an impairment charge of $4.2 million reflecting accelerated lease termination costs and the write-off of leasehold improvements associated with the locations. The following table provides information related to the Company's lease costs for the periods indicated:
(1) Operating lease cost for the years ended December 31, 2021 and 2020, respectively, is inclusive of impairment charges recognized by the Company in relation to branch closure decisions made during each year. The following table sets forth the undiscounted cash flows of base rent related to operating leases outstanding at December 31, 2021 with payments scheduled over the next five years and thereafter, including a reconciliation to the operating lease liability recognized in the Company's Consolidated Balance Sheet in other liabilities:
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