Commitments and Contingencies

9 Months Ended

Sep. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

12. Commitments and Contingencies

Leases and Subleases

The Company leases certain branch offices and equipment under operating lease agreements which expire at various dates through 2025. The Company has the option to renew the leases for its branch offices at fair rental values. In addition to rental payments, the branch leases require payments for property taxes in excess of base year taxes.

As of September 30, 2018, future minimum rental commitments under the terms of these leases, by year and in the aggregate, are as follows:

Years ending December 31,
2018	$	168
2019		673
2020		641
2021		564
2022		509
2023 and thereafter		963
Total	$	3,518

Total rental expense charged to operations for cancelable and non-cancelable operating leases were $155 and $162 for the three months and $479 and $469 for the nine months ended September 30, 2018 and 2017 and $626 for the year ended December 31, 2017, respectively. Rental income under subleases was $81 and $67 for the three months and $230 and $239 for the nine months ended September 30, 2018 and 2017, and $319 for the year ended December 31, 2017, respectively.

Legal Matters

The Company is involved in various legal proceedings which have arisen in the normal course of business. Management believes that resolution of these matters will not have a material effect on the Company's financial condition or results of operations.

Employment Agreements

The Company has entered into employment agreements with certain officers. The agreements provide for base salaries and incentive compensation based on performance criteria outlined in the agreements. The agreements also provide for insurance and various other benefits.