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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Lessee Disclosure [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense were as follows:

 

 

 

Three Months Ended

 

(dollars in thousands)

 

March 31, 2019

 

Operating lease cost

 

$

4,402

 

Finance lease cost:

 

 

 

 

Amortization of right-of-use assets

 

 

158

 

Interest on lease liabilities

 

 

81

 

Short-term lease cost

 

 

1

 

Sub-lease income

 

 

(179

)

Total

 

$

4,463

 

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

 

(dollars in thousands)

 

March 31, 2019

 

 

Operating Leases

 

 

 

 

 

Operating lease right-of-use assets

 

$

109,916

 

 

Operating lease liabilities

 

 

114,040

 

 

 

 

 

 

 

 

Finance Leases

 

 

 

 

 

Premises and equipment, net

 

 

7,335

 

 

Other borrowings

 

 

7,432

 

 

 

 

 

 

 

 

Weighted-Average Remaining Lease Term

 

 

 

 

 

Operating leases

 

11.0 years

 

 

Finance leases

 

12.1 years

 

 

 

 

 

 

 

 

Weighted-Average Discount Rate

 

 

 

 

 

Operating leases

 

 

3.45

 

%

Finance leases

 

 

4.48

 

%

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

 

 

 

Three Months Ended

 

(dollars in thousands)

 

March 31, 2019

 

Cash paid for amounts included in the measurement of

   lease liabilities:

 

 

 

 

Operating cash flows from operating leases

 

$

4,436

 

Operating cash flows from finance leases

 

 

81

 

Financing cash flows from finance leases

 

 

111

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

Operating leases

 

 

117,739

 

Finance leases

 

 

7,542

 

Schedule of Maturity Analysis of Lease Liability by Lease Classification

The following table presents a maturity analysis of the Company’s lease liability by lease classification at March 31, 2019:

 

 

 

Operating

 

 

Finance

 

(dollars in thousands)

 

Leases

 

 

Leases

 

2019

 

$

13,094

 

 

$

573

 

2020

 

 

16,764

 

 

 

768

 

2021

 

 

15,690

 

 

 

772

 

2022

 

 

14,131

 

 

 

778

 

2023

 

 

9,674

 

 

 

791

 

Thereafter

 

 

68,974

 

 

 

6,030

 

Total undiscounted lease payments

 

 

138,327

 

 

 

9,712

 

Less amounts representing interest

 

 

(24,287

)

 

 

(2,280

)

Lease liability

 

$

114,040

 

 

$

7,432

 

Schedule of Maturity Analysis of Tenant Leases The following table presents a maturity analysis of the Company’s tenant leases at March 31, 2019:

 

 

 

Tenant

 

(dollars in thousands)

 

Leases

 

2019

 

$

1,457

 

2020

 

 

1,473

 

2021

 

 

1,200

 

2022

 

 

831

 

2023

 

 

690

 

Thereafter

 

 

2,538

 

Total undiscounted lease payments

 

$

8,189