Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lessee, Summary of Right-of-Use Assets and Lease Liabilities

The following table summarizes operating lease ROU assets and operating lease liabilities and their corresponding balance sheet location:

(amounts in thousands)	Classification	December 31, 2019
ASSETS
Operating lease ROU assets	Other assets	$	20,232
LIABILITIES
Operating lease liabilities	Other liabilities	$	21,358

Lease, Cost

The following table summarizes operating lease cost and its corresponding income statement location for the periods presented:

(amounts in thousands)	Classification	Year Ended December 31, 2019
Operating lease cost (1)	Occupancy expenses	$	5,823

(1) There were no variable lease costs for the year ended December 31, 2019, and sublease income for operating leases is immaterial.

Future Minimum Rental Commitments under Non-Cancelable Leases

Maturities of non-cancelable operating lease liabilities were as follows at December 31, 2019:

(amounts in thousands)	December 31, 2019
2020	$	5,539
2021	4,792
2022	4,167
2023	3,174
2024	2,100
Thereafter	2,817
Total minimum payments	22,589
Less: interest	1,231
Present value of lease liabilities	$	21,358

Summary of Lease Term and Discount Rate for Operating Leases

The following table summarizes the weighted average remaining lease term and discount rate for Customers' operating leases at December 31, 2019:

(amounts in thousands)	December 31, 2019
Weighted average remaining lease term (years)
Operating leases	5.0 years
Weighted average discount rate
Operating leases	2.90	%

Lessor, Lease Receivables and Investment in Operating Leases and their Corresponding Balance Sheet Location

The following table summarizes lease receivables and investment in operating leases and their corresponding balance sheet location at December 31, 2019:

(amounts in thousands)	Classification	December 31, 2019
ASSETS
Direct financing leases
Lease receivables	Loans and leases receivable	$	91,762
Guaranteed residual assets	Loans and leases receivable	7,435
Unguaranteed residual assets	Loans and leases receivable	1,260
Deferred initial direct costs	Loans and leases receivable	721
Unearned income	Loans and leases receivable	(11,300)
Net investment in direct financing leases		$	89,878
Operating leases
Investment in operating leases	Other assets	$	107,850
Accumulated depreciation	Other assets	(14,251)
Deferred initial direct costs	Other assets	1,052
Net investment in operating leases		94,651
Total lease assets		$	184,529