Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Supplemental Balance Sheet Information

ROU assets and lease liabilities by lease type, and the associated balance sheet classification, are as follows:

Lease right-of-use assets	Classification	December 31, 2019
Operating leases	Other Assets	$	39,594
Finance lease	Other Assets	2,819
Total right-of-use assets		$	42,413
Lease liabilities	Classification	December 31, 2019
Operating leases	Other Liabilities	$	41,308
Finance lease	Other Liabilities	2,942
Total lease liabilities		$	44,250

Lease Cost

The components of total lease cost were as follows for the period ending:

Lease costs	December 31, 2019
Operating lease cost	$	5,069
Variable lease cost	406
Short-term lease cost	228
Finance lease cost
Interest on lease liabilities(1)	164
Amortization of right-of-use asset	201
Total lease cost	$	6,068
(1) Included in interest expense on Federal Home Loan Advances and other borrowings in the Company's consolidated statement of income. All other lease costs in this table are included in occupancy and equipment expense.

Supplemental Lease Information

Weighted-average remaining lease term	December 31, 2019
Operating leases	11.16 years
Finance lease	14.01 years
Weighted-average discount rate
Operating leases	5.49	%
Finance lease	5.49	%

Cash flow information:	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,743
Operating cash flows from finance leases	164
Financing cash flows from finance lease	108

We lease certain branch facilities from various partnership interests of certain directors. Payments related to these partnership leases are noted in Note 15, “Related Party Transactions”.

Finance Lease Maturity

Future undiscounted lease payments for finance and operating leases with initial terms of one year or more as of December 31, 2019, are as follows:

December 31, 2019	Finance Lease		Operating Leases
2020	$	276	$	4,849
2021	280		4,871
2022	284		4,856
2023	288		4,885
2024	293		4,901
Thereafter	2,840		31,277
Total undiscounted lease payments(1)	4,261		55,639
Less: imputed interest	(1,319)		(14,331)
Net lease liabilities	$	2,942	$	41,308

⁽¹⁾ On February 5, 2020, the Company purchased the properties at Columbia Avenue and 120 9th Avenue locations in Franklin, Tennessee, therefore ending the lease agreements. The total undiscounted operating lease payments at December 31, 2019 would be reduced by approximately $27,553 from $55,639 to $28,086 at December 31, 2019 taking in consideration these purchases.

Operating Lease Maturity

Future undiscounted lease payments for finance and operating leases with initial terms of one year or more as of December 31, 2019, are as follows:

December 31, 2019	Finance Lease		Operating Leases
2020	$	276	$	4,849
2021	280		4,871
2022	284		4,856
2023	288		4,885
2024	293		4,901
Thereafter	2,840		31,277
Total undiscounted lease payments(1)	4,261		55,639
Less: imputed interest	(1,319)		(14,331)
Net lease liabilities	$	2,942	$	41,308

⁽¹⁾ On February 5, 2020, the Company purchased the properties at Columbia Avenue and 120 9th Avenue locations in Franklin, Tennessee, therefore ending the lease agreements. The total undiscounted operating lease payments at December 31, 2019 would be reduced by approximately $27,553 from $55,639 to $28,086 at December 31, 2019 taking in consideration these purchases.