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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Lessee Disclosure [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense were as follows:

 

 

Affected Line

 

Three Months

 

Six Months

 

 

Item in the

 

Ended

 

Ended

 

(dollars in thousands)

Statement of Income

 

June 30, 2019

 

June 30, 2019

 

Operating lease cost

occupancy/equipment expense

 

$

4,291

 

$

8,693

 

Finance lease cost:

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

occupancy expense

 

 

160

 

 

318

 

Interest on lease liabilities

interest expense

 

 

80

 

 

161

 

Short-term lease cost

occupancy expense

 

 

1

 

 

2

 

Sub-lease income

occupancy expense

 

 

(181

)

 

(360

)

Total

 

 

$

4,351

 

$

8,814

 

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

 

(dollars in thousands)

 

June 30, 2019

 

 

Operating Leases

 

 

 

 

 

Operating lease right-of-use assets

 

$

106,222

 

 

Operating lease liabilities

 

 

110,596

 

 

 

 

 

 

 

 

Finance Leases

 

 

 

 

 

Premises and equipment, net

 

 

7,503

 

 

Other borrowings

 

 

7,646

 

 

 

 

 

 

 

 

Weighted-Average Remaining Lease Term (in Years)

 

 

 

 

 

Operating leases

 

 

10.9

 

 

Finance leases

 

 

11.7

 

 

 

 

 

 

 

 

Weighted-Average Discount Rate

 

 

 

 

 

Operating leases

 

 

3.45

 

%

Finance leases

 

 

4.42

 

%

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

 

 

 

Six Months Ended

 

(dollars in thousands)

 

June 30, 2019

 

Cash paid for amounts included in the measurement of

   lease liabilities:

 

 

 

 

Operating cash flows from operating leases

 

$

8,843

 

Operating cash flows from finance leases

 

 

161

 

Financing cash flows from finance leases

 

 

224

 

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 June 30, 2019:

 

 

 

Operating

 

 

Finance

 

(dollars in thousands)

 

Leases

 

 

Leases

 

2019

 

$

8,668

 

 

$

400

 

2020

 

 

16,764

 

 

 

803

 

2021

 

 

15,690

 

 

 

809

 

2022

 

 

14,131

 

 

 

815

 

2023

 

 

9,674

 

 

 

830

 

Thereafter

 

 

69,003

 

 

 

6,231

 

Total undiscounted lease payments

 

 

133,930

 

 

 

9,888

 

Amounts representing interest

 

 

(23,334

)

 

 

(2,242

)

Lease liability

 

$

110,596

 

 

$

7,646

 

Schedule of Maturity Analysis of Tenant Leases The following table presents a maturity analysis of the Company’s tenant leases at June 30, 2019:

 

 

 

Tenant

 

(dollars in thousands)

 

Leases

 

2019

 

$

1,014

 

2020

 

 

1,518

 

2021

 

 

1,224

 

2022

 

 

853

 

2023

 

 

712

 

Thereafter

 

 

2,549

 

Total undiscounted lease payments

 

$

7,870