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

LEASES (Tables)

3 Months Ended

Mar. 31, 2019

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



For the remaining nine months of 2019	$	10,307
2020	12,164
2021	10,414
2022	9,618
2023	8,822
2024	7,606
Thereafter	23,533
Total future lease payments	82,464
Less: Interest	11,292
Present value of lease liabilities	$	71,172

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



	March 31, 2019
Lease Term and Discount Rate of Operating leases:
Weighted-average remaining lease term (years)	8.54
Weighted-average discount rate ⁽¹⁾	3.13		%
Cash paid for amounts included in measurement of lease liabilities:
Operating Cash Flows from Operating Leases	$	3,468
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	4,346
(1) An incremental borrowing rate is used based on information available at commencement date of lease.