Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Schedule of Operating and Finance Lease Assets and Liabilities

The following table presents lease assets and liabilities as of March 31, 2019.

(Dollars in thousands)	Classification	March 31, 2019
Assets:
Operating	Other assets	$	70,815
Finance	Premises and equipment	8,763
Total leased assets		$	79,578
Liabilities:
Operating	Other liabilities	72,315
Finance	Other borrowings	7,828
Total lease liabilities		$	80,143

Schedule of Net Lease Cost

(Dollars in thousands)	Classification	Three months ended March 31, 2019
Lease cost:
Operating lease cost (1)	Occupancy expense	$	3,204
Finance lease cost:
Amortization of leased assets	Equipment expense	447
Interest on lease liabilities	Interest Expense - Other borrowings	65
Variable lease cost	Occupancy expense	528
Sublease income	Occupancy expense	(130		)
Net lease cost		$	4,114
(1) Operating lease cost includes short-term lease cost, which is immaterial.

Schedule of Lease Liability Maturities

The following table presents lease liability maturities in the next five years and thereafter.

(Dollars in thousands)	Operating Leases		Finance Leases		Total
2019 (1)	$	10,310	$	1,301	$	11,611
2020	12,475		1,748		14,223
2021	10,947		1,764		12,711
2022	9,575		1,481		11,056
2023	7,772		599		8,371
Thereafter	35,343		1,683		37,026
Total lease payments	$	86,422	$	8,576	$	94,998
Less: Interest	14,107		748		14,855
Present value of lease liabilities	$	72,315	$	7,828	$	80,143
(1) Represents the lease liability payments that will be made for the period April 1, 2019 through December 31, 2019.

Schedule of Lease Liability Maturities

The following table presents lease liability maturities in the next five years and thereafter.

(Dollars in thousands)	Operating Leases		Finance Leases		Total
2019 (1)	$	10,310	$	1,301	$	11,611
2020	12,475		1,748		14,223
2021	10,947		1,764		12,711
2022	9,575		1,481		11,056
2023	7,772		599		8,371
Thereafter	35,343		1,683		37,026
Total lease payments	$	86,422	$	8,576	$	94,998
Less: Interest	14,107		748		14,855
Present value of lease liabilities	$	72,315	$	7,828	$	80,143
(1) Represents the lease liability payments that will be made for the period April 1, 2019 through December 31, 2019.

Schedule of Remaining Weighted Average Lease Terms and Discount Rates

The following table presents the remaining weighted average lease terms and discount rates as of March 31, 2019.

Weighted average remaining lease term (years):	March 31, 2019
Operating	9.7
Finance	5.4
Weighted average discount rate:
Operating	3.36	%
Finance	3.22

Schedule of Supplemental Cash Flow Information

The following table presents supplemental cash flow information related to leases for the three months ended March 31, 2019.

(Dollars in thousands)	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,550
Operating cash flows from finance leases	65
Financing cash flows from finance leases	366
Right-of-use assets obtained in exchange for new operating lease liabilities	3,591
Right-of-use assets obtained in exchange for new finance lease liabilities	—