Premises, Equipment and Leases (Tables)

A summary of premises and equipment follows:

Land, buildings and improvements

Premises and equipment before accumulated depreciation

Accumulated depreciation

Total premises and equipment

The table below summarizes our net lease cost:

Operating lease cost

Short-term lease cost

Total premises and equipment

The table below show future minimum rental commitments related to non-cancelable operating leases for the next five years and thereafter as of December 31, 2020.

Total lease payments

Present value of lease liabilities

The following table shows the weighted average remaining operating lease term, the weighted average discount rate and supplemental information on the consolidated statements of cash flows for operating leases:

(In thousands except for percent and period data)

Weighted average remaining lease term, in years

Weighted average discount rate

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows from operating leases

ROU assets obtained in exchange for lease liabilities