XML 36 R26.htm IDEA: XBRL DOCUMENT v3.21.2
BRANCH RESTRUCTURING COSTS
9 Months Ended
Sep. 30, 2021
BRANCH RESTRUCTURING COSTS  
BRANCH RESTRUCTURING COSTS

19.BRANCH RESTRUCTURING COSTS

On June 29, 2021, the Company issued a press release announcing that the Bank planned to combine five branch locations into other existing branches. The combinations took place in October 2021. Costs associated with early lease terminations and accelerated depreciation of fixed assets totaled $4.5 million and $6.2 million for the three and nine months ended September 30, 2021, and were recorded in branch restructuring costs in the consolidated statements of income.  There were no branch restructuring costs for the three or nine months periods ended September 30, 2020.