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LEASES
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
2021202020212020
Components of lease expense:
  Operating lease cost (resulting from lease payments)$3,134 $3,397 $6,286 $6,127 
Supplemental cash flow information related to leases:
  Operating cash flows from operating leases$3,274 $3,309 $6,554 $6,002 
  ROU assets obtained in the exchange for lease liabilities due to:
      New leases$— $— $803 $— 
      Acquisitions$— $7,409 $— $7,720 
June 30, 2021December 31, 2020
Supplemental balance sheet information related to leases:
  Operating lease ROU assets$62,225 $65,215 
  Operating lease liabilities$71,850 $74,982 
Other information related to leases:
  Weighted average remaining lease term of operating leases9.2 years9.5 years
  Weighted average discount rate of operating leases2.93%3.04%
 
At June 30, 2021, the maturities of the Company’s operating lease liabilities were as follows:
 
(In thousands)Amount
Maturity: 
Remaining 2021$6,368 
202211,375 
202311,379 
20249,465 
20257,633 
Thereafter37,341 
Total undiscounted lease payments83,561 
Less: Present value discount(11,711)
Lease liability$71,850 
 
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 June 30, 2021. One lease is expected to commence operations during the fourth quarter of 2021 and one is expected to commence operations during the first quarter of 2022. 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 June 30, 2021.