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Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Summary of supplemental balance sheet information related to leases

    

    

 

 

(Dollars in thousands)

September 30, 2020

December 31, 2019

Operating lease ROU assets

$

42,326

$

41,254

Operating lease liabilities

$

49,737

$

49,367

Weighted-average remaining lease term-operating leases

 

8.2 years

 

8.0 years

Weighted average discount rate-operating leases

 

3.6

%  

 

3.8

%

Schedule of components of lease expense and cash flow information related to leases

 

For the three months ended

(Dollars in thousands)

September 30, 2020

September 30, 2019

Lease Cost

 

  

 

  

Operating lease cost

$

1,895

$

1,891

Short-term lease cost

 

34

 

34

Variable lease cost

 

281

 

267

Total lease cost

$

2,210

$

2,192

Other information

 

  

 

  

Cash paid for amounts included in the measurement of lease liabilities

 

  

 

  

Operating cash flows from operating leases

$

2,101

$

2,002

Right-of-use assets obtained in exchange for new operating lease liabilities

$

6,772

$

1,253

 

For the nine months ended

(Dollars in thousands)

September 30, 2020

September 30, 2019

Lease Cost

 

  

 

  

Operating lease cost

$

5,676

$

5,676

Short-term lease cost

 

102

 

102

Variable lease cost

 

832

 

757

Total lease cost

$

6,610

$

6,535

Other information

 

  

 

  

Cash paid for amounts included in the measurement of lease liabilities

 

  

 

  

Operating cash flows from operating leases

$

6,283

$

6,052

Right-of-use assets obtained in exchange for new operating lease liabilities

$

6,822

$

1,295

Schedule of Minimum annual rental payments for Bank facilities due under non-cancelable leases

Minimum Rental

(In thousands)

Years ended December 31:

2020

$

1,715

2021

7,739

2022

7,491

2023

7,612

2024

7,650

Thereafter

24,935

Total minimum payments required

57,142

Less: Implied interest

7,405

Total lease obligations

$

49,737