LEASE COMMITMENTS

12 Months Ended

Dec. 31, 2018

Lease Commitments [Abstract]

Lease Commitments [Text Block]

NOTE 28 – LEASE COMMITMENTS

As of December 31, 2018, certain premises are leased with terms expiring through the year 2050. The Corporation has the option to renew or extend certain leases beyond the original term. Some of these leases require the payment of insurance, increases in property taxes, and other incidental costs. As of December 31, 2018, the obligation under various leases is as follows:

	Amount
(In thousands)
2019	$	9,640
2020		8,869
2021		8,101
2022		7,086
2023		5,488
2024 and later years		36,444
Total	$	75,628

Rental expense for offices and premises included in occupancy and equipment expense was $11.3 million in 2018 (2017 - $11.7 million; 2016- $11.3 million).