Operating Leases

12 Months Ended

Dec. 31, 2018

16. Operating Leases

Certain premises and equipment are leased under operating leases. Additionally, certain premises are leased or subleased to third parties. These leases generally contain renewal options and require CTBI to pay all executory costs, such as taxes, maintenance fees, and insurance. Minimum non-cancellable rental payments and rental receipts are as follows:

(in thousands)	Payments		Receipts
2019	$	1,999	$	716
2020		1,710		539
2021		1,737		440
2022		1,760		348
2023		1,696		233
Thereafter		13,031		91
Total	$	21,933	$	2,367

Rental expense net of rental income under operating leases was $1.3 million for 2018, $1.4 million for 2017, and $1.3 million for 2016.