XML 87 R43.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Information Related to Company's Leases and Lease Expense
Information related to the Company's leases is presented below as of December 31, 2021 and 2020:
December 31,December 31,
Classification20212020
Right-of-use assets:
Operating leasesOperating lease right-of-use assets$41,686$49,537
Finance leasesPremises and equipment, net1,4871,588
Total right-of-use assets$43,173$51,125
Lease liabilities:
Operating leasesOperating lease liabilities$46,367$55,187
Finance leasesBorrowings 1,5181,598
Total lease liabilities $47,885$56,785
Weighted average remaining lease term (in years) -
   operating
12.412.2
Weighted average remaining lease term (in years) - finance13.414.4
Weighted average discount rate - operating2.73 %2.65 %
Weighted average discount rate - finance1.76 %1.76 %
The components of total lease expense included in the consolidated statements of income were as follows:
Year Ended
December 31,
Classification2021 2020 2019
Operating lease costs:
Amortization of right-of-use assetOccupancy and equipment$7,636 $6,228 $5,057 
Short-term lease costOccupancy and equipment427 456 365 
Variable lease costOccupancy and equipment1,003 602 682 
Gain on lease modifications and
    terminations
Occupancy and equipment(805)— — 
Finance lease costs:
Interest on lease liabilitiesInterest expense on borrowings25 11 — 
Amortization of right-of-use assetOccupancy and equipment101 43 — 
Lease impairment Merger costs— 2,142 — 
Total lease cost$8,387 $9,482 $6,104 
Schedule of Maturity Analysis of Operating Lease Liabilities
A maturity analysis of operating and finance lease liabilities and a reconciliation of undiscounted cash flows to the total lease liability as of December 31, 2021 is as follows:
OperatingFinance
Leases Lease
Lease payments due:
December 31, 2022$7,245 $116 
December 31, 20235,763 118 
December 31, 20245,019 120 
December 31, 20254,760 121 
December 31, 20264,635 123 
Thereafter28,461 1,102 
     Total undiscounted future minimum lease payments55,883 1,700 
Less: imputed interest(9,516)(182)
     Lease liability$46,367 $1,518 
Schedule of Maturity of Finance Lease Liabilities
A maturity analysis of operating and finance lease liabilities and a reconciliation of undiscounted cash flows to the total lease liability as of December 31, 2021 is as follows:
OperatingFinance
Leases Lease
Lease payments due:
December 31, 2022$7,245 $116 
December 31, 20235,763 118 
December 31, 20245,019 120 
December 31, 20254,760 121 
December 31, 20264,635 123 
Thereafter28,461 1,102 
     Total undiscounted future minimum lease payments55,883 1,700 
Less: imputed interest(9,516)(182)
     Lease liability$46,367 $1,518