Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Schedule Of Operating And Finance Lease Liabilities

Leases	Classification	March 31, 2021		December 31, 2020
Assets:
Operating lease assets	Operating lease assets	$	18,130	$	18,407
Finance lease assets	Premises and equipment, net (1)	411		429
Total leased assets		$	18,541	$	18,836
Liabilities:
Operating lease liabilities	Operating lease liabilities	$	19,234	$	19,449
Finance lease liabilities	Accrued interest payable and other liabilities	530		550
Total leased liabilities		$	19,764	$	19,999

(1) Finance lease assets are recorded net of accumulated amortization of $805 as of March 31, 2021 and $787 as of December 31, 2020.

Schedule Of Lease Cost

The components of the Corporation's net lease expense for the three months ended March 31, 2021 and 2020, respectively, were as follows:

		Three months ended March 31,
Lease Cost	Classification	2021		2020
Operating lease cost	Net occupancy expense	$	440	$	455
Variable lease cost	Net occupancy expense	17		24
Finance lease cost:
Amortization of leased assets	Net occupancy expense	18		18
Interest on lease liabilities	Interest expense - borrowed funds	6		7
Sublease income (1)	Net occupancy expense	(19)		(21)
Net lease cost		$	462	$	483

(1) Sublease income excludes rental income from owned properties.

Other information related to the Corporation's lease liabilities as of March 31, 2021 and 2020 was as follows:

Other Information	March 31, 2021		March 31, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	223	$	212

Finance Lease, Liability, Maturity

The following table sets forth future minimum rental payments under noncancelable leases with terms in excess of one year as of March 31, 2021:

Maturity of Lease Liabilities as of March 31, 2021	Operating Leases (1)		Finance Leases		Total
2021	$	1,181	$	78	$	1,259
2022	1,661		105		1,766
2023	1,550		105		1,655
2024	1,515		105		1,620
2025	1,505		105		1,610
After 2025	19,281		105		19,386
Total lease payments	26,693		603		27,296
Less: Interest	7,459		73		7,532
Present value of lease liabilities	$	19,234	$	530	$	19,764

(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $6,565 of legally binding minimum lease payments for leases signed, but not yet commenced.

Lessee, Operating Lease, Liability, Maturity

The following table sets forth future minimum rental payments under noncancelable leases with terms in excess of one year as of March 31, 2021:

Maturity of Lease Liabilities as of March 31, 2021	Operating Leases (1)		Finance Leases		Total
2021	$	1,181	$	78	$	1,259
2022	1,661		105		1,766
2023	1,550		105		1,655
2024	1,515		105		1,620
2025	1,505		105		1,610
After 2025	19,281		105		19,386
Total lease payments	26,693		603		27,296
Less: Interest	7,459		73		7,532
Present value of lease liabilities	$	19,234	$	530	$	19,764

(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $6,565 of legally binding minimum lease payments for leases signed, but not yet commenced.

Schedule of Weighted Average Lease Term and Discount Rate

Lease terms and discount rates related to the Corporation's lease liabilities as of March 31, 2021 and December 31, 2020 were as follows:

Lease Term and Discount Rate	March 31, 2021		December 31, 2020
Weighted-average remaining lease term (years)
Operating leases	18.9		19.0
Finance leases	5.7		6.0
Weighted-average discount rate
Operating leases	3.47	%	3.46	%
Finance leases	4.49	%	4.49	%