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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases  
Summary of Company's leases

 

 

 

 

 

 

 

 

    

Year ended

 

    

December 31, 2019

 

 

(dollars in thousands)

Lease expense:

 

 

 

Operating leases

 

$

13,644

Short-term leases

 

 

821

Sublease income

 

 

(94)

Net lease expense included in Occupancy and equipment

 

$

14,371

 

 

 

 

Other information:

 

 

 

Cash payments for operating leases

 

$

16,167

Operating lease right-of-use assets recognized:

 

 

 

Upon adoption of ASU 2016-02

 

$

58,713

New leases

 

 

24,535

 

 

$

83,248

Period end:

 

 

 

Weighted averages:

 

 

 

Remaining lease term (in years)

 

 

7.1

Discount rate

 

 

4.3%

 

Schedule of maturities of operating lease liabilities

 

 

 

 

Year ended December 31,

 

Operating leases

 

 

(in thousands)

2020

 

$

17,102

2021

 

 

16,051

2022

 

 

13,791

2023

 

 

14,006

2024

 

 

11,673

Thereafter

 

 

35,178

Total lease payments

 

 

107,801

Less imputed interest

 

 

(16,481)

Total

 

$

91,320