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Leasing (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Supplemental Lease Information
Operating lease amounts included in the Consolidated Statement of Condition are as follows:
(in thousands)
 
 
March 31, 2019
Assets
Classification
 
 
ROU assets
Other assets
$
35,041

 
 
 
 
Liabilities
 
 
 
Current lease liabilities
Other liabilities
$
3,392

Non-current lease liabilities
Other liabilities
 
33,884

Total lease liabilities
 
$
37,276

Other information related to operating leases was as follows:
(in thousands)
 
Three Months Ended
March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows from operating leases
$
1,159

Weighted-average remaining lease term on operating leases
 
14.12 years

Weighted-average discount rates on operating leases
 
3.53
%
Components of Operating Lease Expense
Other information related to operating leases was as follows:
(in thousands)
 
Three Months Ended
March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows from operating leases
$
1,159

Weighted-average remaining lease term on operating leases
 
14.12 years

Weighted-average discount rates on operating leases
 
3.53
%
The components of operating lease expense, primarily included in “Net occupancy expense of premises,” were as follows:
(in thousands)
 
Three Months Ended
March 31, 2019
Lease Costs
 
 
Operating lease cost
$
1,142

Variable lease cost
 
96

Short-term lease cost
 
0

Sublease income
 
(8
)
Total lease cost
$
1,230

Schedule of Operating Lease Liability Maturities
Future minimum lease payments under operating leases were as follows:
(in thousands)
 
Operating Leases
Nine Months 2019
$
3,483

2020
 
4,314

2021
 
3,978

2022
 
3,933

2023
 
3,688

2024 and subsequent years
 
29,332

Total lease payments
$
48,728

Less: Interest
 
(11,452
)
Present value of lease liabilities
$
37,276