Commitments and Contingent Liabilities

12 Months Ended

Dec. 31, 2015

Commitments and Contingent Liabilities [Abstract]

Commitments and Contingent Liabilities

(10) Commitments and Contingent Liabilities

(a) Leases

The Bank leases certain banking premises. These leases are accounted for as operating leases with minimum rental commitments in the amounts presented below. The majority of these leases contain options to renew.

(dollars in thousands)
2016	$	7,206
2017		6,876
2018		6,588
2019		6,453
2020		6,205
2021 and after		37,177
	$	70,505

(b) Litigation

Existing litigation arising in the normal course of business is not expected to result in any material loss to the Company.

(c) Outsourced Services

The Company contracted with third-party service providers to perform certain banking functions. The outsourced services include data and item processing for the Bank and trust operations. The service expense can vary based upon the volume and nature of transactions processed. Outsourced service expense was $5.9 million for 2015, $5.4 million for 2014 and $5.1 million in 2013. The Company is contractually obligated to pay these third-party service providers approximately $5 to $6 million per year through 2020.