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LEASES (Tables)
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Lease, Cost
The components of operating lease cost were as follows:
Three months ended
(Dollars in thousands)March 31, 2021March 31, 2020
Operating lease cost (1)
$4,654 $4,550 
Sublease income(107)(93)
Net lease cost$4,547 $4,457 
(1)Includes variable lease cost and short-term lease cost.
Balance Sheet Information
Supplemental balance sheet information related to operating leases was as follows:
(Dollars in thousands)March 31, 2021December 31, 2020
Assets
Right of use assets$151,957 $150,985 
Total assets$151,957 $150,985 
Liabilities
Lease liabilities$166,410 $166,451 
Total liabilities$166,410 $166,451 
Lease term and discount rate
Weighted average remaining lease term (in years)19.3519.36
Weighted average discount rate4.27 %4.26 %
Lease Maturity
Maturities of operating lease liabilities were as follows:
(Dollars in thousands)March 31, 2021
Remaining in 2021$13,009 
202217,302 
202317,418 
202416,181 
202516,186 
After 2025183,588 
Total lease payments263,684 
Less: Interest(97,274)
Present value of lease liabilities$166,410 
Supplemental Cash Flow information Lessee
Supplemental cash flow information related to operating leases was as follows:
Three months ended
(Dollars in thousands)March 31, 2021March 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$4,382 $4,667 
Direct Financing Lease
The components of direct finance lease income are summarized in the table below:
Three months ended
(Dollars in thousands)March 31, 2021March 31, 2020
Direct financing leases:
Interest income on lease receivable$4,623 $3,566 
Interest income on deferred fees and costs, net(318)94 
Total direct financing lease net interest income$4,305 $3,660 

Equipment leasing receivables relate to direct financing leases. The composition of the net investment in direct financing leases was as follows:
(Dollars in thousands)March 31, 2021December 31, 2020
Lease receivables$299,445 $281,601 
Unearned income(39,179)(36,669)
Deferred fees and costs4,671 3,953 
Net investment in direct financing leases$264,937 $248,885 
Lessor, Operating Lease, Payments to be Received, Maturity
Future minimum lease payments to be received for direct financing leases were as follows:

(Dollars in thousands)March 31, 2021
Remaining in 2021$72,911 
202284,342 
202366,683 
202445,960 
202525,794 
After 20253,755 
Total lease payments$299,445