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Note 20 - Commitments -
 12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Commitments Disclosure [Text Block]
Note
2
0
– Commitments –
 
Leases
 
The Bank leases
certain branch offices through non-cancelable operating leases with terms that range from
one
to
ten
years and contain various renewal options for certain of the leases. Rental expense under these agreements was
$1.8
million,
$1.5
million and
$1.4
million for the years ended
December 31, 2017,
2016
and
2015,
respectively.
 
Future minimum lease payments under these leases are as follows:
 
December 31,
        
   
(Dollars in thousands
)
  
201
8
   $
2,354
  
201
9
    
2,091
  
202
0
    
1,312
  
202
1
    
1,168
  
2022 and Thereafte
r
    
6,264
  
Total Future Minimum Lease Payment
s
   $
13,189
  
 
SBIC Capital Commitment
 
The SBIC is a program initiated by the
Small Business Administration (SBA) in
1958
to assist in the funding of small business loans. The program is a joint venture between investors with venture capital, the SBA, and small business borrowers. Investors are responsible for funding the
first
portion of the
capital requirements, with the remaining requirement being funded by the SBA. The funds are then lent to small business borr
owers.
 
The Bank has agreed to participate as an investor with McLarty Capital Partners SBIC, L.P. (McLarty)
, McLarty Capital Partners SBIC II, L.P. (McLarty II), Bluehenge Capital Secured Debt SBIC, L.P. (Bluehenge) and New Louisiana Angel Fund
2,
LLC (New Louisiana); details of these commitments at
December 31, 2017
are below.
 
   
McLart
y
    
McLarty I
I
    
Blueheng
e
    
New Louisian
a
  
   
(Dollars in thousands
)
  
Total Capital Commitmen
t
   $
2,000
     $
2,500
     $
1,500
     $
50
  
Capital Calle
d
   $
1,802
     $
1,604
     $
745
     $
13
  
Remaining Unfunded Capital Commitmen
t
   $
198
     $
896
     $
755
     $
37
  
 
 
Federal Home Loan Bank Letters of
Credit
 
The Bank had outstanding letters of credit on behalf of o
thers from the FHLB of
$81.0
million at both
December 31, 2017
and
2016.
The outstanding letters of credit as of
December 31, 2017
are as follows:
 
One letter of credit of
$11.0
million
expires in
March 2018
.
 
One letter of credit of
$5.0
million expires in
May 2018
.
 
One letter of credit of $
40.0
million expires in
December 2018
.
 
One letter of credit
of
$25.0
million expires in
December 2018
.