Premises, Equipment and Leases (Tables)

12 Months Ended

Dec. 31, 2019

Premises, Equipment and Leases [Abstract]

Summary of Premises and Equipment

A summary of premises and equipment follows:

	December 31,
(In thousands)	2019		2018
Land, buildings and improvements	$	121,479	$	121,808
Equipment		58,431		55,577
Premises and equipment before accumulated depreciation	$	179,910	$	177,385
Accumulated depreciation		104,279		98,415
Total premises and equipment	$	75,631	$	78,970

Net Lease Cost

The table below summarizes our net lease cost:

(In thousands)	Year Ended December 31, 2019
Operating lease cost	$	7,239
Variable lease cost		2,231
Short-term lease cost		356
Sublease income		(448	)
Total operating lease cost	$	9,378

Future Minimum Rental Commitments Related to Non-cancelable Operating Leases

The table below show future minimum rental commitments related to non-cancelable operating leases for the next five years and thereafter as of December 31, 2019.

(In thousands)
2020	$	7,435
2021		6,646
2022		5,870
2023		4,969
2024		4,365
Thereafter		12,876
Total lease payments	$	42,161
Less: interest		(4,838	)
Present value of lease liabilities	$	37,323

Additional Information for Operating Leases

The following table shows the weighted average remaining operating lease term, the weighted average discount rate and supplemental information on the consolidated statements of cash flows for operating leases:

(In thousands except for percent and period data)	December 31, 2019
Weighted average remaining lease term, in years		7.69
Weighted average discount rate		3.00	%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,211
ROU assets obtained in exchange for lease liabilities		41,008