Operating Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Summary of Right-of-Use Assets Recognized as Component of Premises and Equipment and Lease Liabilities Recognized as Component of Accrued Interest and Other Liabilities in Consolidated Balance Sheet

As of June 30, 2019, the Company reported right-of-use assets recognized as a component of “premises and equipment” and lease liabilities recognized as a component of “accrued interest and other liabilities” in the consolidated balance sheet, as follows:

	June 30, 2019
	(In thousands)
Right-of-use assets	$	395,659
Lease liabilities		422,384

Summary of Lease Costs for Operating Leases, Cash Paid Toward Lease Liabilities, and Weighted-Average Remaining Term and Discount Rates of Operating Leases

The following table presents information about the Company’s lease costs for operating leases recorded in the consolidated balance sheet, cash paid toward lease liabilities, and the weighted-average remaining term and discount rates of the operating leases.

	Three Months Ended			Six Months Ended
	June 30, 2019			June 30, 2019
	(Dollars in thousands)
Lease cost
Operating lease cost	$	24,902		$	49,541
Short-term lease cost		28			62
Variable lease cost		623			1,089
Sublease income		(1,904	)		(3,821	)
Total net lease cost	$	23,649		$	46,871
Other information
Right-of-use assets obtained in exchange for new      operating lease liabilities	$	24,518		$	44,928
Cash paid toward lease liabilities		25,205			50,861
Weighted-average remaining lease term	7 years			7 years
Weighted-average discount rate		3.2	%		3.2	%

Summary of Minimum Lease Payments Under Noncancelable Operating Leases

Minimum lease payments under noncancelable operating leases are summarized in the following table.  These minimum lease payments are not materially different from those reported in the 2018 Annual Report.

	(In thousands)
Twelve-month period ending June 30:
2020	$	89,301
2021		87,300
2022		71,956
2023		57,685
2024		41,815
Later years		113,403
Total lease payments	$	461,460
Less: imputed interest		39,076
Total	$	422,384