Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Premises and equipment, net of accumulated depreciation

Premises and equipment, net of accumulated depreciation, consist of the following:

(Dollars in thousands)	December 31, 2019		December 31, 2018
Land	$	52,738	47,511
Buildings and construction in progress	251,151		231,854
Furniture, fixtures and equipment	96,576		90,030
Leasehold improvements	11,144		9,370
Accumulated depreciation	(148,373)		(137,237)
Net premises and equipment, excluding ROU assets	263,236		241,528
ROU assets	47,073		—
Net premises and equipment	$	310,309	241,528

Lease Summary

The following table summarizes the Company’s leases:

	December 31, 2019
(Dollars in thousands)	Finance Leases			Operating Leases
ROU assets	$	6,537
Accumulated depreciation	(917)
Net ROU assets	$	5,620		41,453
Lease liabilities	$	5,671		43,904
Weighted-average remaining lease term	24 years			19 years
Weighted-average discount rate	3.0		%	3.7	%

Maturities of Lease Liabilities

Maturities of lease liabilities consist of the following:

	December 31, 2019
(Dollars in thousands)	Finance Leases		Operating Leases
Maturing within one year	$	335	3,965
Maturing one year through two years	257		3,761
Maturing two years through three years	255		3,473
Maturing three years through four years	261		3,123
Maturing four years through five years	268		3,130
Thereafter	6,797		45,336
Total lease payments	8,173		62,788
Present value of lease payments
Short-term	170		2,421
Long-term	5,501		41,483
Total present value of lease payments	5,671		43,904
Difference between lease payments and present value of lease payments	$	2,502	18,884

Components of Lease Expense

The components of lease expense consist of the following:

	Year ended
(Dollars in thousands)	December 31, 2019
Finance lease cost
Amortization of ROU assets	$	101
Interest on lease liabilities	34
Operating lease cost	4,063
Short-term lease cost	431
Variable lease cost	896
Sublease income	(6)
Total lease expense	$	5,519

Supplemental Cash Flow Information

Supplemental cash flow information related to leases is as follows:

	Year ended
	December 31, 2019
(Dollars in thousands)	Finance Leases		Operating Leases
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows	$	34	2,136
Financing cash flows	98		N/A

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N/A - Not applicable