LEASES (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lease, Costs

Lease Position as of September 30, 2019

The table below presents the lease right-of-use assets and lease liabilities recorded on the balance sheet at September 30, 2019 (dollars in thousands):

	Classification on the Balance Sheet	September 30, 2019
Assets
Operating right-of-use lease assets	Other assets	$	58,985
Liabilities
Operating lease liabilities	Accrued expenses and other liabilities	$	62,808

Weighted-average remaining lease term
Operating leases	6.4 years
Weighted-average discount rate
Operating leases	3.83	%

Lease Costs

The table below presents certain information related to the lease costs for operating leases for the three and nine months ended September 30, 2019 (in thousands):

	Three Months Ended September 30,			Nine Months Ended September 30,
	2019			2019
Operating lease cost (1)	$	3,818		$	11,650
Short-term lease cost (1)	62			284
Variable lease cost (1)	623			1,751
Less sublease income (1)	(228		)	(696		)
Total lease cost	$	4,275		$	12,989

⁽¹⁾ Lease expenses and sublease income are classified within occupancy and equipment expense on the Consolidated Statements of Operations.

Lessee, Operating Lease, Liability, Maturity

The table below reconciles the undiscounted cash flows for each of the first five years beginning with 2019 and the total of the remaining years to the operating lease liabilities recorded on the Consolidated Statements of Financial Position (in thousands):

	Operating Leases
Remainder of 2019	$	3,778
2020	14,936
2021	13,596
2022	10,086
2023	7,193
Thereafter	21,498
Total minimum lease payments	71,087
Less: amount of lease payments representing interest	(8,279		)
Lease obligations	$	62,808