The Company leases space under non-cancelable operating leases for several of its banking offices and certain office equipment. The leases have remaining terms up to years. At the Company had lease right-of-use assets and lease liabilities totaling million, which are reflected in other assets and other liabilities, respectively, in the Company’s Consolidated Balance Sheet.

 

Maturities of operating lease liabilities as of are as follows:

 

		March 31, 2019
		(In Thousands)
2019 (remaining)		$	2,397
2020			3,134
2021			2,487
2022			2,509
2023			2,088
thereafter			3,701
Total lease payments			16,316
Less: imputed interest			(1,637	)
Present value of operating lease liabilities		$	14,679

 

As of the weighted average remaining term of operating leases is years and the weighted average discount rate used in the measurement of operating lease liabilities was

 

An initial right-of-use asset of million was recognized as a non-cash asset addition with the adoption of the new lease accounting standard on Additional right-of-use assets of million were recorded as non-cash asset additions that resulted from new operating lease liabilities during the quarter Cash paid for amounts included in the present value of operating lease liabilities was million during the quarter and is included in operating cash flows.

 

Operating lease costs were million during the quarter Variable lease costs were million during the quarter Short-term lease costs were during the quarter Prior to the adoption of the new lease accounting standard, we had rent expense of million for the quarter ended