LEASES (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Lessee Lease Portfolio and Other Supplemental Lease Information

The tables below provide information about the Company’s lessee lease portfolio and other supplemental lease information (dollars in thousands):

	June 30, 2020							December 31, 2019
	Operating			Finance				Operating
Right-of-use-assets	$	53,208		$	7,884		$	54,941
Lease liabilities		63,523			10,559			66,052
Lease Term and Discount Rate of Operating leases:
Weighted-average remaining lease term (years)		7.00			8.58			7.36
Weighted-average discount rate (1)		2.43	%		1.17	%		2.69	%

(1) An incremental borrowing rate is used based on information available at commencement date of lease.

Other Lease Information

	Six months ended June 30,
	2020		2019
Cash paid for amounts included in measurement of lease liabilities:
Operating Cash Flows from Finance Leases	$	10	$	-
Operating Cash Flows from Operating Leases		6,893		6,880
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		3,183		3,619
Finance leases		10,549		-

Lease Cost

	Three months ended June 30,				Six months ended June 30,
		2020		2019		2020		2019
Net Operating Lease Cost	$	2,928	$	3,134	$	5,847	$	6,136
Finance Lease Cost:
Amortization of right-of-use assets		77		-		77		-
Interest on lease liabilities		10		-		10		-
Total Lease Cost	$	3,015	$	3,134	$	5,934	$	6,136

Maturities of Lessor and Lessee Arrangements Outstanding

The maturities of lessor and lessee arrangements outstanding at June 30, 2020 are presented in the tables below (dollars in thousands):

	June 30, 2020
	Lessor		Lessee
		Sales-type and Direct Financing	Operating		Finance
For the remaining six months of 2020	$	7,894	$	6,526	$	—
2021		16,216		12,182		1,261
2022		17,093		10,920		1,292
2023		15,503		9,958		1,325
2024		13,130		8,640		1,358
2025		4,310		6,296		1,392
Thereafter		10,548		15,088		4,515
Total undiscounted cash flows		84,694		69,610		11,143
Less: Adjustments (1)		5,996		6,087		584
Total (2)	$	78,698	$	63,523	$	10,559

(1) Lessor – unearned income and guaranteed residual value; Lessee – imputed interest.

(2) Represents lease receivables for lessor arrangements and lease liabilities for lessee arrangements