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

LEASES (Tables)

9 Months Ended

Sep. 30, 2019

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


For the remaining three months of 2019	$	3,335
2020		12,392
2021		10,713
2022		9,934
2023		9,022
2024		7,741
Thereafter		19,588
Total future lease payments		72,725
Less: Interest		3,917
Present value of lease liabilities	$	68,808

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


	September 30, 2019
Lease Term and Discount Rate of Operating leases:
Weighted-average remaining lease term (years)		8.56
Weighted-average discount rate ⁽¹⁾		2.78	%
Cash paid for amounts included in measurement of lease liabilities:
Operating Cash Flows from Operating Leases	$	10,327
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		5,979

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