Leases

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

Leasing

The Company enters into leases, as lessee, primarily for office space, banking centers, and certain other operational assets. These leases are generally classified as operating leases, however, an insignificant amount are classified as finance leases. The Company's operating leases generally have lease terms for periods of 5 to 20 years with various renewal options. The Company does not have any material sub-lease agreements.

The following table summarizes lessee information related to the Company’s operating ROU assets and lease liability:

	At March 31, 2020
(In thousands)	Operating Leases		Consolidated Balance Sheet Line Item Location
ROU lease assets	$	157,786	Premises and equipment, net
Lease liabilities	177,061		Operating lease liabilities

The components of operating lease cost and other related information are as follows:

	At or for the three months ended
(In thousands)	March 31, 2020		March 31, 2019
Lease Cost:
Operating lease costs	$	7,424	$	7,385
Variable lease costs	1,427		1,253
Sublease income	(145)		(140)
Total operating lease cost	$	8,706	$	8,498
Other Information:
Cash paid for amounts included in the measurement of lease liabilities	$	7,758	$	7,673
ROU lease assets obtained in exchange for new operating lease liabilities	8,666		6,638

The undiscounted scheduled maturities reconciled to total operating lease liabilities are as follows:

(In thousands)	At March 31, 2020
Remainder of 2020	$	20,816
2021	30,940
2022	27,793
2023	24,880
2024	21,432
Thereafter	79,784
Total operating lease liability payments	205,645
Less: Present value adjustment	28,584
Lease liabilities	$	177,061
Weighted-average remaining lease term - operating leases, in years	8.39
Weighted-average discount rate - operating leases	3.26		%

See Note 4: Loans and Leases for information relating to leases included within the equipment financing portfolio in which the Company is lessor.