Lease Commitments

12 Months Ended

Dec. 31, 2016

Note 21—Lease Commitments

The Company’s subsidiary was obligated at December 31, 2016, under certain noncancelable operating leases extending to the year 2038 pertaining to banking premises and equipment. Some of the leases provide for the payment of property taxes and insurance and contain various renewal options. The exercise of renewal options is, of course, dependent upon future events. Accordingly, the following summary does not reflect possible additional payments due if renewal options are exercised.

Future minimum lease payments, by year and in the aggregate, under noncancelable operating leases with initial or remaining terms in excess of one year are as follows:


(Dollars in thousands)
Year Ended December 31,
2017		5,009
2018		4,912
2019		4,012
2020		3,673
2021		3,561
Thereafter		15,556
	$	36,723

Total lease expense for the years ended December 31, 2016, 2015, and 2014 was $5.7 million, $6.6 million and $6.2 million, respectively.