Leases

12 Months Ended

Dec. 31, 2011

Note 20 – Leases

The Company has several noncancellable operating leases, primarily for property rental of banking buildings that expire over the next ten years. These leases generally contain renewal options for periods ranging from one to five years. Rental expense for these leases was $1,331,000, $884,000 and $543,000 for the years ended December 31, 2010, 2009 and 2008, respectively. Future minimum lease payments under operating leases are:

	Operating Leases
2012	$	1,141
2013		1,002
2014		1,002
2015		352
2016		352
Thereafter		880
Total minimum lease payments	$	4,729

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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