Commitments and Contingencies

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

The approximate future minimum rental commitments, before considering renewal options that generally are present, as of December 31, 2017, under the Company’s noncancelable operating leases with initial or remaining terms in excess of one year are shown in the following table:



(in thousands)	Amount
2018	$	5,539
2019	4,586
2020	4,066
2021	3,084
2022	1,568
Thereafter	1,055
Total	$	19,898

Many of these leases provide for periodic adjustment of rentals based on changes in various economic indicators while others also include renewal options and escalation clauses under various terms.

Rental expense for all leases amounted to $5.6 million, $5.0 million, and $4.8 million in 2017, 2016, and 2015, respectively.

Due to the nature of their activities, the Company and its subsidiaries are at times engaged in various legal proceedings that arise in the normal course of business, some of which were outstanding at December 31, 2017. Although the ultimate outcome of all claims and lawsuits outstanding as of December 31, 2017 cannot be ascertained at this time, it is the opinion of management that these matters, when resolved, will not have a material adverse effect on the Company’s results of operations or financial condition.

The FRB requires that banks maintain cash on hand and reserves in the form of average deposit balances at the FRB based on the Bank’s average deposits. At December 31, 2017, and 2016, the Bank exceeded the FRB required reserve balance.