Operating Lease Right-of-Use Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of Undiscounted Future Minimum Leases Payments and a Reconciliation to the Amount Recorded as Operating Leases

Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at December 31, 2020 were as follows:

(In thousands)
2021	$	27,808
2022	22,725
2023	19,273
2024	17,879
2025	15,184
2026 and thereafter	31,555
Total undiscounted future minimum operating lease payments	134,424
Discount	(11,576)
Total operating lease liabilities	$	122,848

Components of Total Lease Cost for Operating Leases

The weighted-average discount rate and remaining lease term for operating leases was as follows:

	At December 31,
	2020		2019
Weighted-average discount rate	2.48	%	2.67	%
Weighted-average remaining lease term	7.6 years		6.8 years

The components of total lease cost for operating leases, included in occupancy and equipment noninterest expense, were as follows:

	Year Ended December 31,
(In thousands)	2020		2019
Lease expense	$	27,035	$	39,724
Short-term and variable lease cost	709		732
Sublease income	(1,491)		(1,716)
Total lease cost for operating leases	$	26,253	$	38,740

Supplemental cash flow information related to operating leases was as follows:

	Year Ended December 31,
(In thousands)	2020		2019
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$	20,746	$	131,305
Cash paid for amounts included in the measurement of lease liabilities - operating	34,725		33,231