NOTE 16. 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, 2015:


	(in thousands)
Years ended December 31:
2016	$	1,871
2017		1,156
2018		719
2019		244
2020		231
Thereafter		347
Total minimum payments required:	$	4,568

Total rent expense for the years ended December 31, 2015, 2014 and 2013 was $1.8 million, $1.7 million and $1.0 million, respectively.