Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases

Schedule of supplemental balance sheet information

Supplemental balance sheet information related to finance leases is as follows (in thousands).

	June 30,			December 31,
	2020			2019
Finance leases:
Premises and equipment	$	7,780	$	7,780
Accumulated depreciation		(4,473)		(4,178)
Premises and equipment, net	$	3,307	$	3,602

Schedule of components of lease costs

The components of lease costs, including short-term lease costs, are as follows (in thousands).

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Operating lease cost	$	10,621	$	10,599	$	21,251	$	21,130
Less operating lease and sublease income		(354)		(663)		(972)		(1,050)
Net operating lease cost	$	10,267	$	9,936	$	20,279	$	20,080
Finance lease cost:
Amortization of ROU assets	$	147	$	147	$	295	$	295
Interest on lease liabilities		141		150		285		302
Total finance lease cost	$	288	$	297	$	580	$	597

Schedule of supplemental cash flow information

Supplemental cash flow information related to leases is as follows (in thousands):

	Six Months Ended June 30,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	19,075	$	19,810
Operating cash flows from finance leases		285		302
Financing cash flows from finance leases		312		290
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	8,476	$	24,188
Finance leases		—		—

Schedule of lease terms and discount rates

Information regarding the lease terms and discount rates of the Company’s leases is as follows.

	June 30, 2020
	Weighted Average
	Remaining Lease	Weighted Average
Lease Classification	Term (Years)	Discount Rate
Operating	5.7	4.98	%
Finance	6.1	4.80	%

Schedule of maturities of lease liabilities under the Leasing Standard

Future minimum lease payments under the Leasing Standard as of June 30, 2020, under lease agreements that had commenced as of or subsequent to January 1, 2019, are presented below (in thousands).

	Operating Leases		Finance Leases
2020	$	18,439	$	600
2021		32,952		1,212
2022		26,876		1,241
2023		21,297		1,280
2024		14,143		1,163
Thereafter		38,057		2,297
Total minimum lease payments	$	151,764	$	7,793
Less amount representing interest		(20,353)		(2,610)
Lease liabilities	$	131,411	$	5,183