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COMMITMENTS AND CONTINGENCIES
12 Months Ended
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES
 
At December 31, 2015, future annual minimum rental payments due under non-cancellable operating leases are as follows (in thousands):
2016
$
1,910

2017
1,660

2018
1,618

2019
1,624

2020
1,624

Thereafter
7,191

 
$
15,627



Rental expense under operating leases for 2015, 2014, and 2013 was approximately $2.5 million, $2.5 million, and $2.6 million, respectively.
 
The Company is party to various legal proceedings arising in the ordinary course of business. In management’s opinion, the ultimate resolution of these legal proceedings will not have a material adverse effect on the Company’s financial position, results of operations, or cash flows.

At December 31, 2015, the Company had borrowing lines available through the Bank with the FHLB of Dallas and other correspondent banks.  The Bank had approximately $218.5 million available, subject to available collateral, under a secured line of credit with the FHLB of Dallas.  Federal funds lines of credit were available through correspondent banks with approximately $53.5 million available for overnight borrowing at December 31, 2015.  Additionally, $221.6 million in loan collateral is pledged under a Borrower-in-Custody line with the FRB-Atlanta.