Operating Leases (Tables)

9 Months Ended

Sep. 30, 2019

Operating Leases [Abstract]

Other Information Related to Leases

Other information related to leases was as follows:

(dollars in thousands)	Three months ended September 30,
	2019		2018
Operating lease cost	$	2,007		1,954
Variable lease cost		497		492
Total Lease costs	$	2,504		2,446

(dollars in thousands)	Nine months ended September 30,
	2019		2018
Operating lease cost	$	5,828		5,794
Variable lease cost		1,472		1,546
Total Lease costs	$	7,300		7,340

Supplemental Cash Flows Information

(dollars in thousands)	Nine months ended September 30,
	2019
Supplemental cash flows information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,824
Right-of-use assets obtained in exchange for lease obligations:		54,038
Weighted average remaining lease term	9.4 years
Weighted average discount rate		3.30	%

Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases as of September 30, 2019 were as follows:

(dollars in thousands)
Year ending December 31,
2019(a)	$	1,967
2020		7,820
2021		7,818
2022		7,300
2023		6,978
Thereafter		32,600
Total lease payments	$	64,483
Less: Interest		9,752
Present value of lease liabilities	$	54,731

^(a) Excluding the nine months ended September 30, 2019.

Minimum Lease Payments

Future minimum lease payments under non-cancellable leases as of September 30, 2018 were as follows:

(dollars in thousands)
Year ending December 31,
2018(b)	$	1,940
2019		7,799
2020		7,622
2021		7,555
2022		7,048
Thereafter		39,395
Total lease payments	$	71,359

^(b) Excluding the nine months ended September 30, 2018.