LEASES

The Company leases land and building space for the operation of some banking offices. All such leases qualify as operating leases. Following is a schedule by year of future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2016:



(Dollars in thousands)
Years ended December 31:
2017	$	1,898
2018	1,561
2019	965
2020	842
2021	869
Thereafter	5,001
Total minimum payments required:	$	11,136

Total rent expense for the years ended December 31, 2016, 2015 and 2014 was $1.7 million, $1.8 million and $1.7 million, respectively.