LEASES

Operating Leases

The Company has entered into various non-cancelable operating leases for the corporate headquarters, operations center, certain branch offices, and equipment. Future minimum lease payments under these leases for the years ending December 31 are presented below.



2017	$	5,546
2018	4,622
2019	3,160
2020	1,799
2021	1,076
Thereafter	3,382
Total	$	19,585

Certain of the leases contain renewal options for various additional terms after the expiration of the current lease term. Lease payments for the renewal period are not included in the future minimum lease table above. Rent expense for the years ended December 31, 2016, 2015 and 2014 totaled $5,582, $4,540, and $4,048, respectively.

Capital Leases

The Company has entered into two capital leases for banking offices. Leases that meet the criteria for capitalization are recorded as assets and the related obligations are reflected as part of long-term debt. The capital lease obligations totaled $5,521 as of December 31, 2016. Future minimum lease payments under the capital leases are presented below.



2017	$	583
2018	591
2019	600
2020	608
2021	618
Thereafter	5,167
Total projected lease payments for capital leases	8,167
Imputed interest	(2,646		)
Present value of minimum lease payments	$	5,521