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Leasing (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Supplemental Lease Information
Operating lease amounts included in the Consolidated Statement of Condition are as follows:
(In thousands)
 
March 31, 2020
December 31, 2019
Assets
Classification
 
 
ROU assets
Other assets
$
33,231

$
33,501

 
 
 
 
Liabilities
 
 
 
Current lease liabilities
Other liabilities
$
3,188

$
3,256

Non-current lease liabilities
Other liabilities
32,450

32,666

Total lease liabilities
 
$
35,638

$
35,922


Other information related to operating leases was as follows:
(In thousands)
Three Months Ended March 31, 2020
Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows from operating leases
$
1,189

$
1,159

Weighted-average remaining lease term on operating leases
13.72 years

14.12 years

Weighted-average discount rates on operating leases
3.53
%
3.53
%
ROU assets obtained in exchange for lease liabilities
549

35,706


Components of Operating Lease Expense
The components of operating lease expense, primarily included in “Net occupancy expense of premises,” were as follows:
(In thousands)
Three Months Ended
March 31, 2020
Three Months Ended
March 31, 2019
Lease Costs
 
 
Operating lease cost
$
1,174

$
1,142

Variable lease cost
164

96

Short-term lease cost
0

0

Sublease income
(8
)
(8
)
Total lease cost
$
1,330

$
1,230


Other information related to operating leases was as follows:
(In thousands)
Three Months Ended March 31, 2020
Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows from operating leases
$
1,189

$
1,159

Weighted-average remaining lease term on operating leases
13.72 years

14.12 years

Weighted-average discount rates on operating leases
3.53
%
3.53
%
ROU assets obtained in exchange for lease liabilities
549

35,706


Schedule of Operating Lease Liability Maturities
Future minimum lease payments under operating leases were as follows:
(In thousands)
Operating Leases
Nine Months 2020
$
3,326

2021
4,163

2022
4,117

2023
3,876

2024
3,742

2025 and subsequent years
26,979

Total lease payments
$
46,203

Less: Interest
(10,565
)
Present value of lease liabilities
$
35,638