XML 41 R29.htm IDEA: XBRL DOCUMENT v3.20.2
Lease Obligations (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of Future Minimum Lease Liability The following summary reflects the future minimum payments by year required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year and a reconciliation of those payments to the Company's lease liability as of June 30, 2020.
Lease Liability
(Dollar amounts in thousands)
 As of  
 June 30, 2020
Year Ending December 31,
2020$9,466  
202118,785  
202218,711  
202318,811  
202418,530  
2025 and thereafter105,995  
Total minimum lease payments190,298  
Discount(1)
(28,752) 
Lease liability(2)
$161,546  
(1)Represents the net present value adjustment related to minimum lease payments.
(2)Included in accrued interest payable and other liabilities in the Consolidated Statements of Financial Condition.
Schedule of Net Operating Lease Expense
The following table presents net operating lease expense for the quarters and six months ended June 30, 2020 and 2019.
Net Operating Lease Expense
(Dollar amounts in thousands)
 Quarters Ended 
 June 30,
Six Months Ended 
 June 30,
 2020201920202019
Lease expense charged to operations $4,839  $4,426  $9,514  $8,486  
Rental income from premises leased to others (1)
(183) (165) (398) (322) 
Net operating lease expense$4,656  $4,261  $9,116  $8,164  
(1)Included as reductions to net occupancy and equipment expense in the Condensed Consolidated Statements of Income.