Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Lease, Cost and Cash Flows

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

	Three Months Ended March 31,
($ in Thousands)	2021		2020
Operating lease costs	$	2,240	$	2,623
Finance lease costs	39		36
Operating lease cash flows	2,963		2,731
Finance lease cash flows	40		21

Components of lease expense

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

($ in Thousands)	Consolidated Balance Sheets Category	March 31, 2021		December 31, 2020
		Amount
Operating lease right-of-use asset	Premises and equipment	$	32,071	$	31,994
Finance lease right-of-use asset	Other assets	854		962
Operating lease liability	Accrued expenses and other liabilities	36,079		36,425
Finance lease liability	Other long-term funding	1,091		1,128

Operating lease information

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

	March 31, 2021					December 31, 2020
($ 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	$	385	2.24	0.46	%	$	386	2.49	0.46	%
Retail and corporate offices	33,707		5.94	3.27	%	34,036		6.04	3.33	%
Land	6,165		8.83	3.10	%	6,385		8.99	3.09	%
Total operating leases	$	40,257	6.33	3.22	%	$	40,806	6.45	3.27	%
Finance leases
Land	$	1,105	1.40	1.05	%	$	1,145	1.65	1.05	%
Total finance leases	$	1,105	1.40	1.05	%	$	1,145	1.65	1.05	%

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		Total Leases
Nine Months Ending December 31, 2021	$	6,591	$	132	$	6,724
2022	7,111		973		8,084
2023	6,010		—		6,010
2024	5,274		—		5,274
2025	4,110		—		4,110
Beyond 2025	11,160		—		11,160
Total lease payments	$	40,257	$	1,105	$	41,362
Less: interest	4,178		14		4,192
Present value of lease payments	$	36,079	$	1,091	$	37,170