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Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Lease, Cost
The components of the Company's ongoing operating lease cost under ASC 842, Leases (as adopted on January 1, 2019) were as follows:
Twelve months ended
(Dollars in thousands)December 31, 2020December 31, 2019
Operating lease cost (1)
$18,690 $19,574 
Sublease income(372)(486)
Net lease cost$18,318 $19,088 
(1)Includes variable lease cost and short-term lease cost
Balance Sheet Information
Supplemental balance sheet information related to operating leases was as follows:

(Dollars in thousands)December 31, 2020December 31, 2019
Assets
Right-of-use assets$150,985 $166,221 
Total assets$150,985 $166,221 
Liabilities
Lease liabilities$166,451 $181,814 
Total liabilities$166,451 $181,814 
Lease term and discount rate
Weighted average remaining lease term (in years)
Operating leases19.3619.06
Weighted average discount rate
Operating leases4.26 %4.17 %
Lease Maturity
Maturities of operating lease liabilities were as follows:
(Dollars in thousands)December 31, 2020
2021$17,013 
202216,976 
202317,093 
202415,919 
202515,920 
After 2025180,219 
Total lease payments263,140 
Less: Interest(96,689)
Present value of lease liabilities$166,451 
Supplemental Cash Flow information
Supplemental cash flow information related to leases was as follows:
Twelve months ended
(Dollars in thousands)December 31, 2020December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$18,452 $17,606 
Right of use assets obtained in exchange for new operating lease liabilities (non-cash)— 61,693 
Direct Financing Lease
The components of direct finance lease income are summarized in the table below:
Twelve months ended
(Dollars in thousands)December 31, 2020December 31, 2019
Direct financing leases:
Interest income on lease receivable$15,805 $9,032 
Interest income on deferred fees and costs433 427 
Total direct financing lease income$16,238 $9,459 

Equipment leasing receivables relate to direct financing leases. The composition of the net investment in direct financing leases was as follows:
(Dollars in thousands)December 31, 2020December 31, 2019
Lease receivables$281,601 $217,076 
Unearned income(36,669)(28,446)
Deferred fees and costs3,953 1,962 
Net investment in direct financing leases$248,885 $190,592 
Lessor, Operating Lease, Payments to be Received, Maturity
Future minimum lease payments to be received for direct financing leases were as follows:
(Dollars in thousands)December 31, 2020
2021$90,032 
202274,821 
202357,434 
202438,983 
202518,005 
After 20252,326 
Total lease payments$281,601