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LEASES (Tables)

3 Months Ended

Mar. 31, 2019

The components of operating lease cost were as follows:


⁽¹⁾	Includes variable lease cost and short-term lease cost.

Supplemental cash flow information related to leases was as follows:



	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,387
Right of use assets obtained in exchange for new operating lease liabilities	$	61,693

alance sheet information related to operating leases was as follows:



(Dollars in thousands)	Classification	March 31, 2019
Assets
Operating right of use assets	Other assets	$	180,274
Total assets		180,274

Liabilities
Operating lease liabilities	Other liabilities	$	187,847
Total liabilities		187,847

Lease term and discount rate
		March 31, 2019
Weighted average remaining lease term (in years)
Operating leases		19.88
Weighted average discount rate
Operating leases		4.26		%

Maturities of operating lease liabilities were as follows:



(Dollars in thousands)	Operating leases
2019	$	18,427
2020	16,684
2021	16,355
2022	16,335
2023	16,495
After 2023	212,539
Total lease payments	296,835
Less: Interest	(108,988		)
Present value of lease liabilities	187,847

The components of direct finance lease income are summarized in the table below:



	March 31, 2019
Direct financing leases:
Interest income on lease receivable	$	669
Interest income on deferred fees and costs	57
Total direct financing lease income	$	726

Equipment leasing receivables relate to direct financing leases. The composition of the net investment in direct financing leases was as follows:



	March 31, 2019
Lease receivables	$	160,594
Unearned income	(15,921		)
Deferred fees and costs	(15		)
Net investment in direct financing leases	$	144,658

At March 31, 2019, future minimum lease payments to be received for direct financing leases were as follows: