Atlantic Union Bankshares Corporation Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

6 Months Ended

Jun. 30, 2019

Maturities of operating lease liabilities as of June 30, 2019 are as follows for the years ending (dollars in thousands):


For the remaining six months of 2019	$	6,729
2020		12,329
2021		10,639
2022		9,840
2023		8,978
2024		7,718
Thereafter		24,557
Total future lease payments		80,790
Less: Interest		11,392
Present value of lease liabilities	$	69,398

Other lease information is as follows (dollars in thousands):


	June 30, 2019
Lease Term and Discount Rate of Operating leases:
Weighted-average remaining lease term (years)		8.66
Weighted-average discount rate ⁽¹⁾		3.05	%
Cash paid for amounts included in measurement of lease liabilities:
Operating Cash Flows from Operating Leases	$	6,880
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		3,619

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