Leases (Tables)

9 Months Ended

Sep. 30, 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 Sep 30,				Nine Months Ended Sep 30,
($ in Thousands)	2021		2020		2021		2020
Operating lease costs	$	2,367	$	3,970	$	6,850	$	9,224
Finance lease costs	17		39		76		115
Operating lease cash flows	2,858		2,871		8,598		8,303
Finance lease cash flows	21		40		101		82

Components of lease expense

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

($ in Thousands)	Consolidated Balance Sheets Category	Sep 30, 2021		Dec 31, 2020
Operating lease right-of-use asset	Premises and equipment	$	29,527	$	31,994
Finance lease right-of-use asset	Other assets	59		962
Operating lease liability	Accrued expenses and other liabilities	33,066		36,425
Finance lease liability	Other long-term funding	72		1,128

Operating lease information

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

	Sep 30, 2021					Dec 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	$	192	1.74	0.46	%	$	386	2.49	0.46	%
Retail and corporate offices	30,756		5.55	3.24	%	34,036		6.04	3.33	%
Land	5,747		8.48	3.11	%	6,385		8.99	3.09	%
Total operating leases	$	36,696	5.97	3.21	%	$	40,806	6.45	3.27	%
Finance leases
Land	$	73	0.92	1.07	%	$	1,145	1.65	1.05	%
Total finance leases	$	73	0.92	1.07	%	$	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
Three Months Ending December 31, 2021	$	2,326	$	21	$	2,348
2022	8,061		51		8,112
2023	6,108		—		6,108
2024	5,317		—		5,317
2025	4,076		—		4,076
Beyond 2025	10,807		—		10,807
Total lease payments	$	36,696	$	73	$	36,768
Less: interest	3,630		—		3,630
Present value of lease payments	$	33,066	$	72	$	33,138