Operating Leases

9 Months Ended

Sep. 30, 2019

The Company has various operating lease agreements, primarily for real estate offices as well as for computer equipment and copier machines. Such leases have remaining lease terms of 1 years to 6 years, some of which may include options to extend certain leases for up to an additional 25 years.

The components of lease expense were as follows:



($ in thousands)	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Operating lease cost	$	1,124	$	2,720
Short-term lease cost	57		155
Total lease cost	$	1,181	$	2,875

Supplemental cash flow information related to operating leases was as follows:



($ in thousands)	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities	$	1,006	$	2,340

Supplemental balance sheet information related to operating leases was as follows:



($ in thousands, except lease term and discount rate)	September 30, 2019
Assets
Right of use assets, included in Other assets	$	17,527
Liabilities
Operating lease liabilities, included in Other liabilities	$	18,439

Weighted average remaining lease term	4.74
Weighted average discount rate	3.78		%

Future minimum lease payments under non-cancellable operating leases as of September 30, 2019 were as follows:



($ in thousands)
Year Ending December 31,
2019 (excluding the nine months ended September 30, 2019)	$	1,108
2020	4,443
2021	4,284
2022	4,156
2023	3,459
Thereafter	2,717
Total future minimum lease payments	20,167
Less imputed interest	(1,728		)
Total	$	18,439

As of September 30, 2019, the Company has no additional operating leases that have not yet commenced.