Atlantic Union Bankshares Corporation Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Maturities of operating lease liabilities as of December 31, 2019 are as follows for the years ending (dollars in thousands):


2020	$	13,046
2021		11,321
2022		10,344
2023		9,377
2024		8,065
Thereafter		21,025
Total future lease payments		73,178
Less: Interest		7,126
Present value of lease liabilities	$	66,052

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


	December 31, 2019
Lease Term and Discount Rate of Operating leases:
Weighted-average remaining lease term (years)		7.36
Weighted-average discount rate ⁽¹⁾		2.69	%
Cash paid for amounts included in measurement of lease liabilities:
Operating Cash Flows from Operating Leases	$	13,697
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		8,065

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