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LEASES (Tables)
 9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Schedule of ROU Assets and Lease Liabilities
The following table represents the Consolidated Balance Sheets classification of the Company’s right-of-use (“ROU”) assets and lease liabilities:
(In thousands)September 30, 2020December 31, 2019
Lease Right-of-Use AssetsClassification
Operating lease right-of-use assets (1)
Other assets$71,937 $76,332 
Finance lease right-of-use assetsPremises and equipment, net7,328 7,720 
Total Lease Right-of-Use Assets$79,265 $84,052 
Lease Liabilities
Operating lease liabilities (2)
Other liabilities$76,185 $80,734 
Finance lease liabilitiesOther liabilities10,510 10,883 
Total Lease Liabilities$86,695 $91,617 
(1) Includes operating lease right-of-use assets classified as discontinued operations of $1.8 million and $3.5 million as of September 30, 2020 and December 31, 2019, respectively.
(2) Includes operating lease liabilities classified as discontinued operations of $1.8 million and $3.5 million as of September 30, 2020 and December 31, 2019, respectively.
Supplemental Information Related to Leases
Supplemental information related to leases was as follows:
September 30, 2020December 31, 2019
Weighted-Average Remaining Lease Term (in years)
Operating leases9.910.3
Finance leases14.114.8
Weighted-Average Discount Rate
Operating leases3.02 %3.36 %
Finance leases5.00 %5.00 %
Summary of Supplemental Cash Flow Information Related to Leases
Supplemental cash flow information related to leases was as follows:
Three Months Ended
(In thousands)September 30, 2020September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (1)
$2,441 $3,829 
Operating cash flows from finance leases133 159 
Financing cash flows from finance leases125 119 
(1) Includes operating cash flows from operating leases related to discontinued operations of $0.2 million and $0.7 million at September 30, 2020 and September 30, 2019 respectively.
Nine Months Ended
(In thousands)September 30, 2020September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (1)
$10,461 $10,984 
Operating cash flows from finance leases399 478 
Financing cash flows from finance leases374 315 
(1) Includes operating cash flows from operating leases related to discontinued operations of $0.9 million and $2.2 million at September 30, 2020 and September 30, 2019 respectively.
Schedule of Maturity Analysis of Operating Lease Liability
The following table presents a maturity analysis of the Company’s lease liability by lease classification at September 30, 2020:
(In thousands)Operating LeasesFinance Leases
2020$3,396 $250 
202112,826 1,031 
202211,671 1,031 
20239,738 1,037 
20248,345 1,037 
Thereafter42,438 10,260 
Total undiscounted lease payments (1)
88,414 14,646 
Less amounts representing interest (1)
(12,229)(4,136)
Lease liability (1)
$76,185 $10,510 
(1) Includes $1.8 million of discontinued operations.
Schedule of Maturity Analysis of Finance Lease Liability
The following table presents a maturity analysis of the Company’s lease liability by lease classification at September 30, 2020:
(In thousands)Operating LeasesFinance Leases
2020$3,396 $250 
202112,826 1,031 
202211,671 1,031 
20239,738 1,037 
20248,345 1,037 
Thereafter42,438 10,260 
Total undiscounted lease payments (1)
88,414 14,646 
Less amounts representing interest (1)
(12,229)(4,136)
Lease liability (1)
$76,185 $10,510 
(1) Includes $1.8 million of discontinued operations.