Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

Lease, Cost and Cash Flows

Operating and finance lease costs and cash flows resulting from these leases are presented below:

	Three Months Ended June 30,				Six Months Ended June 30,
($ in Thousands)	2021		2020		2021		2020
Operating lease costs	$	2,243	$	2,631	$	4,483	$	5,254
Finance lease costs	19		31		58		67
Operating lease cash flows	2,777		2,700		5,740		5,432
Finance lease cash flows	40		21		80		42

Components of lease expense

The lease classifications on the consolidated balance sheets were as follows:

($ in Thousands)	Consolidated Balance Sheets Category	June 30, 2021		December 31, 2020
Operating lease right-of-use asset	Premises and equipment	$	31,609	$	31,994
Finance lease right-of-use asset	Other assets	76		962
Operating lease liability	Accrued expenses and other liabilities	35,370		36,425
Finance lease liability	Other long-term funding	93		1,128

Operating lease information

The lease payment obligations, weighted-average remaining lease term, and weighted-average discount rate were as follows:

	June 30, 2021					December 31, 2020
($ in Thousands)	Lease payments		Weighted-average lease term (in years)	Weighted-average discount rate		Lease payments		Weighted-average lease term (in years)	Weighted-average discount rate
Operating leases
Equipment	$	384	1.99	0.45	%	$	386	2.49	0.46	%
Retail and corporate offices	32,942		5.67	3.19	%	34,036		6.04	3.33	%
Land	5,949		8.66	3.10	%	6,385		8.99	3.09	%
Total operating leases	$	39,275	6.07	3.15	%	$	40,806	6.45	3.27	%
Finance leases
Land	$	94	1.17	1.07	%	$	1,145	1.65	1.05	%
Total finance leases	$	94	1.17	1.07	%	$	1,145	1.65	1.05	%

Amortization of operating lease liabilities

Contractual lease payment obligations for each of the next five years and thereafter, in addition to a reconciliation to the Corporation’s lease liability, were as follows:

($ in Thousands)	Operating Leases		Finance Leases		Total Leases
Six Months Ending December 31, 2021	$	4,921	$	42	$	4,964
2022	7,984		51		8,035
2023	6,050		—		6,050
2024	5,274		—		5,274
2025	4,110		—		4,110
Beyond 2025	10,935		—		10,935
Total lease payments	$	39,275	$	94	$	39,368
Less: interest	3,905		1		3,906
Present value of lease payments	$	35,370	$	93	$	35,463