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Leases
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Leases
Note 12. Leases
The Company has operating leases primarily for branch locations as well as data processing centers. The Company’s operating leases have remaining lease terms of 1 year to 32 years, some of which include
options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 1 year.
The Company also has one sublease for part of a data processing center that the Company currently leases from a lessor.
The sublease expires in 2022 with an option to terminate and no option to extend.
Lease income
, for the sublease, totaled approximately $29,000 for the nine months ended September 30, 2019.
 
Variable lease costs include costs that are not included in the lease liability.
 
The components of lease expense were as follows:
 
   Three Months
Ended
9/30/2019
   Nine Months
Ended
9/30/2019
 
(in thousands)        
Operating lease cost
  $550   $1,676 
Variable lease cost
   121    405 
   
 
 
   
 
 
 
Total lease cost
  $671   $2,081 
   
 
 
   
 
 
 
Supplemental cash flow information related to leases was as follows:
 
   Three Months
Ended
9/30/2019
   Nine Months
Ended
9/30/2019
 
(in thousands)        
Cash paid for amounts included in the measurement
of lease liabilities:
          
Operating cash flows from operating leases
  $528   $1,605 
   
 
 
   
 
 
 
Right-of-use assets obtained in exchange for lease
obligations:
          
Operating leases
  $433   $1,318 
   
 
 
   
 
 
 
Supplemental balance sheet information related to leases was as follows:
 
   9/30/2019 
(in thousands, except lease term and discount rate)    
Operating Leases:
     
Operating lease right-of-use assets
  $12,944 
Operating lease liabilities
  $13,101 
Weighted Average Remaining Lease Term:
     
Operating Leases
   11
Years
 
Weighted Average Discount Rate:
     
Operating Leases
   3.5
A summary of future minimum rental payments under such leases as the dates indicated follows:
 
   Minimum Rental Payments 
   
September 30, 2019
   December 31, 2018 
   (in thousands) 
Year Ending December 31,
 
2019
  
$
459
   $2,490 
2020
   
2,038
    2,170 
2021
   
1,759
    1,694 
2022
   
1,603
    1,331 
2023
   
1,541
    1,104 
Thereafter
   
8,570
    1,074 
   
 
 
   
 
 
 
Total lease payments
  
$
15,970
   $9,863 
   
 
 
   
 
 
 
Less imputed interest
   
(2,869
)
 
     
   
 
 
      
Present value of lease liability
  
$
13,101