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LEASES
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Leases LEASES
The Company leases real estate properties for its network of bank branches, financial centers and corporate offices. All of the Company’s leases are currently classified as operating. Most lease agreements include one or more options to renew, with renewal terms that can extend the original lease term from one to twenty years or more. The Company does not sublease any of its leased real estate properties.
 
The following table provides information regarding the Company's leases as of the dates indicated:
Three Months Ended March 31,
20212020
Components of lease expense:
  Operating lease cost (resulting from lease payments)$3,151 $2,730 
Supplemental cash flow information related to leases:
  Operating cash flows from operating leases$3,280 $2,082 
  ROU assets obtained in the exchange for lease liabilities due to:
      New leases$803 $— 
      Acquisitions$— $311 
March 31, 2021December 31, 2020
Supplemental balance sheet information related to leases:
  Operating lease ROU assets$64,455 $65,215 
  Operating lease liabilities$74,219 $74,982 
Other information related to leases:
  Weighted average remaining lease term of operating leases9.4 years9.5 years
  Weighted average discount rate of operating leases2.97%3.04%
 
At March 31, 2021, the maturities of the Company’s operating lease liabilities were as follows:
 
(In thousands)Amount
Maturity: 
Remaining 2021$9,346 
202211,068 
202311,054 
20249,251 
20257,537 
Thereafter38,522 
Total undiscounted lease payments86,778 
Less: Present value discount(12,559)
Lease liability$74,219 
 
The Company recognized lease liabilities of $1.9 million and ROU assets of $1.6 million for two operating leases that have not yet commenced operations at March 31, 2021. One lease is expected to commence operations during the second quarter of 2021 and one is expected to commence operations during the fourth quarter of 2021. The associated ROU assets include approximately $0.2 million of tenant allowances for improvements to the spaces. The Company does not have any lease arrangements with any of its related parties as of March 31, 2021.