Lease Investments (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of components of lease investments by category

The following table shows the components of the investment in direct finance and operating leases as of December 31.

(Dollars in thousands)	2020		2019
Direct finance leases:
Minimum lease payments	$	160,508	$	190,879
Estimated unguaranteed residual values	—		41
Less: Unearned income	(21,507)		(30,568)
Net investment in direct finance leases	$	139,001	$	160,352
Operating leases:
Gross investment in operating leases	$	116,818	$	176,485
Accumulated depreciation	(51,778)		(64,801)
Net investment in operating leases	$	65,040	$	111,684

Minimum future lease payments due from clients

The following table shows future minimum lease payments due from clients on direct finance and operating leases at December 31, 2020.

(Dollars in thousands)	Direct Finance Leases		Operating Leases
2021	$	34,123	$	16,784
2022	31,867		12,995
2023	29,791		7,676
2024	18,042		3,859
2025	14,822		1,636
Thereafter	31,863		242
Total	$	160,508	$	43,192

Schedule of the components of income from direct finance and operating lease equipment

The following table shows interest income recognized from direct finance lease payments and operating lease equipment rental income and related depreciation expense.

(Dollars in thousands)	2020		2019		2018
Direct finance leases:
Interest income on lease receivable	$	8,258	$	10,985	$	13,052
Operating leases:
Income related to lease payments	$	23,380	$	30,741	$	31,793
Depreciation expense	20,203		25,128		26,248