Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Schedule of Right-of-Use Assets and Lease Liabilities

The following table represents the classification of the Company’s ROU assets and lease liabilities on the consolidated statements of financial condition (in thousands):

		June 30, 2019
Lease ROU Assets	Classification
Operating lease ROU asset	Other assets	$	20,402
Finance lease ROU asset	Premises and equipment, net	1,615
Total Lease ROU Asset		$	22,017
Lease Liabilities
Operating lease liability	Other liabilities	$	20,505
Finance lease liability	Other borrowings	2,044
Total Lease Liability		$	22,549

Schedule of Weighted Average Remaining Lease Term and Discount Rate

	June 30, 2019
Weighted-Average Remaining Lease Term
Operating leases	9.70 years
Finance leases	10.10 years
Weighted-Average Discount Rate
Operating leases	3.43	%
Finance leases	5.63	%

Schedule of Lease Costs and Other Lease Information

The following table represents lease expenses and other lease information (in thousands):

	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Lease Expense
Operating Lease Expense	$	999	$	1,968
Finance Lease Expense:
Amortization of ROU assets	85		193
Interest on lease liabilities(1)	29		118
Total	$	1,113	$	2,279
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	931	$	1,865
Operating cash flows from finance leases	29		118
Financing cash flows from finance leases	44		171

(1)

Included in borrowed funds interest expense on the consolidated statements of income. All other costs are included in occupancy expense.

Future Minimum Payments for Finance Leases

Future minimum payments for finance leases and operating leases with initial or remaining terms of one year or more as of June 30, 2019 were as follows (in thousands):

	Finance Leases			Operating Leases
For the Twelve Months Ended June 30,
2020	$	295		$	3,368
2021	295			3,443
2022	295			3,207
2023	295			2,559
2024	295			1,949
Thereafter	1,502			10,101
Total	$	2,977		$	24,627
Less: Imputed Interest	(933		)	(4,122		)
Total Lease Liabilities	$	2,044		$	20,505

Future Minimum Payments for Operating Leases

Future minimum payments for finance leases and operating leases with initial or remaining terms of one year or more as of June 30, 2019 were as follows (in thousands):

	Finance Leases			Operating Leases
For the Twelve Months Ended June 30,
2020	$	295		$	3,368
2021	295			3,443
2022	295			3,207
2023	295			2,559
2024	295			1,949
Thereafter	1,502			10,101
Total	$	2,977		$	24,627
Less: Imputed Interest	(933		)	(4,122		)
Total Lease Liabilities	$	2,044		$	20,505