Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Schedule of Operating and Finance Lease Assets and Liabilities

The following table presents lease assets and liabilities as of September 30, 2019:

(Dollars in thousands)	Classification	September 30, 2019
Assets:
Operating	Other assets	$	79,857
Finance	Premises and equipment	9,402
Total leased assets		$	89,259
Liabilities:
Operating	Other liabilities	$	79,234
Finance	Other borrowings	8,610
Total lease liabilities		$	87,844

Schedule of Net Lease Cost

(Dollars in thousands)	Classification	Three months ended September 30, 2019			Nine months ended September 30, 2019
Lease cost:
Operating lease cost (1)	Occupancy expense	$	5,273		$	12,059
Finance lease cost:
Amortization of leased assets	Equipment expense	541			1,434
Interest on lease liabilities	Interest expense - Other borrowings	93			220
Variable lease cost	Occupancy expense	527			1,779
Sublease income	Occupancy expense	(86		)	(303		)
Net lease cost		$	6,348		$	15,189
(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)	$	3,617	$	435	$	4,052
2020	14,052		2,142		16,194
2021	12,546		2,159		14,705
2022	11,142		1,876		13,018
2023	9,258		993		10,251
Thereafter	43,841		1,683		45,524
Total lease payments	$	94,456	$	9,288	$	103,744
Less: Interest	15,222		678		15,900
Present value of lease liabilities	$	79,234	$	8,610	$	87,844
(1) Represents the lease liability payments that will be made for the period October 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)	$	3,617	$	435	$	4,052
2020	14,052		2,142		16,194
2021	12,546		2,159		14,705
2022	11,142		1,876		13,018
2023	9,258		993		10,251
Thereafter	43,841		1,683		45,524
Total lease payments	$	94,456	$	9,288	$	103,744
Less: Interest	15,222		678		15,900
Present value of lease liabilities	$	79,234	$	8,610	$	87,844
(1) Represents the lease liability payments that will be made for the period October 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 September 30, 2019:

Weighted average remaining lease term (years):	September 30, 2019
Operating	10.3
Finance	4.9
Weighted average discount rate:
Operating	3.22	%
Finance	3.07

Schedule of Supplemental Cash Flow Information

The following table presents supplemental cash flow information related to leases for the nine months ended September 30, 2019:

(Dollars in thousands)	September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	9,579
Operating cash flows from finance leases	220
Financing cash flows from finance leases	1,111
Right-of-use assets obtained in exchange for new operating lease liabilities	17,762
Right-of-use assets obtained in exchange for new finance lease liabilities	1,886