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

12 Months Ended

Dec. 31, 2020

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


(dollars in thousands)	2020		2019			2018
Operating lease expense	$	5,711	$	4,221		$	3,850
Amortization of ROU assets - finance leases	224		101			44
Interest on lease liabilities - finance leases (1)	84		74			11
Total Lease Expense	$	6,019	$	4,396		$	3,905
(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:

(dollars in thousands)			2020			2019
Operating Leases
ROU assets			$	46,245		$	47,686
Operating cash flows			$	6,489		$	5,028
Finance Leases
ROU assets			$	1,278		$	1,513
Operating cash flows			$	84		$	47
Financing cash flows			$	180		$	57
Weighted Average Lease Term - Years
Operating leases			18.70			19.18
Finance leases			12.09			12.16
Weighted Average Discount Rate
Operating leases			5.90		%	5.94		%
Finance leases			5.81		%	5.73		%

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


(dollars in thousands)	2020		2019			2018
Operating lease expense	$	5,711	$	4,221		$	3,850
Amortization of ROU assets - finance leases	224		101			44
Interest on lease liabilities - finance leases (1)	84		74			11
Total Lease Expense	$	6,019	$	4,396		$	3,905
(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:

(dollars in thousands)			2020			2019
Operating Leases
ROU assets			$	46,245		$	47,686
Operating cash flows			$	6,489		$	5,028
Finance Leases
ROU assets			$	1,278		$	1,513
Operating cash flows			$	84		$	47
Financing cash flows			$	180		$	57
Weighted Average Lease Term - Years
Operating leases			18.70			19.18
Finance leases			12.09			12.16
Weighted Average Discount Rate
Operating leases			5.90		%	5.94		%
Finance leases			5.81		%	5.73		%

The following table presents the maturity analysis of lease liabilities for finance and operating leases as of December 31, 2020:

The following table presents the maturity analysis of lease liabilities for finance and operating leases as of December 31, 2020: