Right-Of-Use Assets and Lease Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Finance and Operating Lease Details

The following table presents our lease expense for finance and operating leases for the years ended December 31:

(dollars in thousands)	2019		2018		2017
Operating lease expense	$	4,221	$	3,850	$	3,980
Amortization of ROU assets - finance leases	101		44		43
Interest on lease liabilities - finance leases (1)	74		11		20
Total Lease Expense	$	4,396	$	3,905	$	4,043
(1) Included in borrowings interest expense in our Consolidated Statements of Net Income. All other lease costs in this table are included in net occupancy expense.
The following table presents our ROU assets, weighted average term and the discount rates for finance and operating leases as of December 31, 2019:
(dollars in thousands)
Operating Leases
ROU assets					$	47,686
Operating cash flows					$	5,028
Finance Leases
ROU assets					$	1,513
Operating cash flows					$	47
Financing cash flows					$	57
Weighted Average Lease Term - Years
Operating leases					19.18
Finance leases					12.16
Weighted Average Discount Rate
Operating leases					5.94		%
Finance leases					5.73		%

Finance and Operating Lease Details

The following table presents our lease expense for finance and operating leases for the years ended December 31:

(dollars in thousands)	2019		2018		2017
Operating lease expense	$	4,221	$	3,850	$	3,980
Amortization of ROU assets - finance leases	101		44		43
Interest on lease liabilities - finance leases (1)	74		11		20
Total Lease Expense	$	4,396	$	3,905	$	4,043
(1) Included in borrowings interest expense in our Consolidated Statements of Net Income. All other lease costs in this table are included in net occupancy expense.
The following table presents our ROU assets, weighted average term and the discount rates for finance and operating leases as of December 31, 2019:
(dollars in thousands)
Operating Leases
ROU assets					$	47,686
Operating cash flows					$	5,028
Finance Leases
ROU assets					$	1,513
Operating cash flows					$	47
Financing cash flows					$	57
Weighted Average Lease Term - Years
Operating leases					19.18
Finance leases					12.16
Weighted Average Discount Rate
Operating leases					5.94		%
Finance leases					5.73		%

Maturity Analysis of Lease Liabilities for Operating Leases

The following table presents the maturity analysis of lease liabilities for finance and operating leases as of December 31, 2019:

(dollars in thousands)
Maturity Analysis	Finance			Operating				Total
2020	$	267			$	4,618		$	4,885
2021	269				4,586			4,855
2022	225				4,647			4,872
2023	129				4,716			4,845
2024	130				4,760			4,890
Thereafter	1,277				69,641			70,918
Total	2,297				92,968			95,265
Less: Present value discount	(719		)		(40,461		)	(41,180		)
Lease Liabilities	$	1,578			$	52,507		$	54,085

Maturity Analysis of Lease Liabilities for Finance Leases

The following table presents the maturity analysis of lease liabilities for finance and operating leases as of December 31, 2019:

(dollars in thousands)
Maturity Analysis	Finance			Operating				Total
2020	$	267			$	4,618		$	4,885
2021	269				4,586			4,855
2022	225				4,647			4,872
2023	129				4,716			4,845
2024	130				4,760			4,890
Thereafter	1,277				69,641			70,918
Total	2,297				92,968			95,265
Less: Present value discount	(719		)		(40,461		)	(41,180		)
Lease Liabilities	$	1,578			$	52,507		$	54,085