Leases (Tables)

3 Months Ended

Mar. 31, 2022

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 Mar 31,
($ in Thousands)	2022		2021
Operating lease costs	$	1,798	$	2,240
Finance lease costs	41		39
Operating lease cash flows	2,407		2,963
Finance lease cash flows	44		40

Components of lease expense

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

($ in Thousands)	Consolidated Balance Sheets Category	Mar 31, 2022		Dec 31, 2021
Operating lease right-of-use asset	Premises and equipment	$	28,354	$	28,299
Finance lease right-of-use asset	Other assets	545		143
Operating lease liability	Accrued expenses and other liabilities	31,585		31,345
Finance lease liability	Other long-term funding	562		163

Operating lease information

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

	Mar 31, 2022					Dec 31, 2021
($ 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	$	191	1.25	0.44	%	$	192	1.50	0.45	%
Retail and corporate offices	28,482		5.76	2.24	%	29,008		5.56	3.26	%
Land	5,356		8.11	3.12	%	5,551		8.29	3.12	%
Total operating leases	$	34,028	6.08	2.37	%	$	34,751	5.94	3.22	%
Finance leases
Retail and corporate offices	$	553	6.00	1.32	%	$	112	1.25	1.32	%
Land	30		0.42	1.07	%	51		0.67	1.07	%
Total finance leases	$	583	5.70	1.31	%	$	164	1.07	1.24	%

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 ended December 31, 2022	$	5,692	$	98	$	5,790
2023	6,252		92		6,344
2024	5,660		93		5,752
2025	4,363		93		4,456
2026	3,799		93		3,891
Beyond 2026	8,263		116		8,379
Total lease payments	$	34,028	$	583	$	34,611
Less: interest	2,444		21		2,465
Present value of lease payments	$	31,585	$	562	$	32,147