Leases (Tables)

6 Months Ended

Jun. 30, 2020

Operating and finance lease costs and cash flows resulting from these leases are presented below:


($ in Thousands)	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Operating Lease Costs	$	2,631	$	2,888	$	5,254	$	5,793
Finance Lease Costs	31		—		67		—
Operating Lease Cash Flows	2,700		2,762		5,432		5,570
Finance Lease Cash Flows	21		—		42		—

Components of lease expense

The lease classifications on the consolidated balance sheets were as follows:


($ in Thousands)	Consolidated Balance Sheets Category	June 30, 2020		December 31, 2019
						Amount
Operating lease right-of-use asset	Premises and equipment	$	39,674	$	45,381
Finance lease right-of-use asset	Other assets	1,154		2,188
Operating lease liability	Accrued expenses and other liabilities	43,377		49,292
Finance lease liability	Other long-term funding	1,202		2,209

Operating lease information

The lease payment obligations, weighted-average remaining lease term, and weighted-average discount rate were as follows:


	June 30, 2020								December 31, 2019
($ in Thousands)	Lease payments		Weighted-average lease term (in years)	Weighted-average discount rate		Lease payments		Weighted-average lease term (in years)	Weighted-average discount rate
Operating leases
Equipment	$	5	0.69	2.72	%	$	46	0.83	2.72	%
Retail and corporate offices	42,293		6.22	3.35	%	48,940		6.49	3.34	%
Land	6,663		9.30	3.08	%	6,594		9.57	3.21	%
Total operating leases	$	48,961	6.61	3.31	%	$	55,580	6.83	3.32	%
Finance leases
Land	$	1,225	2.14	1.05	%	$	4,827	39.67	3.99	%
Total finance leases	$	1,225	2.14	1.05	%	$	4,827	39.67	3.99	%

Amortization of operating lease liabilities

Contractual lease payment obligations for each of the next five years and thereafter, in addition to a reconciliation to the Corporation’s lease liability, were as follows:


($ in Thousands)	Operating Leases		Finance Leases		Amount
Six Months Ending December 31, 2020	$	3,065	$	80	$	3,145
2021	10,387		172		10,559
2022	8,066		973		9,039
2023	5,810		—		5,810
2024	5,108		—		5,108
Beyond 2024	16,526		—		16,526
Total lease payments	$	48,961	$	1,225	$	50,187
Less: interest	5,584		23		5,607
Present value of lease payments	$	43,377	$	1,202	$	44,579