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LEASES
3 Months Ended
Mar. 31, 2022
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,
20222021
Components of lease expense:
  Operating lease cost (resulting from lease payments)$2,765 $3,151 
Supplemental cash flow information related to leases:
  Operating cash flows from operating leases$2,939 $3,280 
  ROU assets obtained in the exchange for lease liabilities due to:
      New leases$ $803 
      Acquisitions$ $— 
March 31, 2022December 31, 2021
Supplemental balance sheet information related to leases:
  Operating lease ROU assets$56,569 $57,872 
  Operating lease liabilities$65,664 $67,138 
Other information related to leases:
  Weighted average remaining lease term of operating leases8.8 years9.0 years
  Weighted average discount rate of operating leases2.92%2.92%
 
At March 31, 2022, the maturities of the Company’s operating lease liabilities were as follows:
 
(In thousands)Amount
Maturity: 
Remaining 2022$8,683 
202311,678 
20249,793 
20257,976 
20267,147 
Thereafter30,646 
Total undiscounted lease payments75,923 
Less: Present value discount(10,259)
Lease liability$65,664 
 
At March 31, 2022, the Company had no operating leases that have not yet commenced operations. The Company does not have any lease arrangements with any of its related parties as of March 31, 2022.