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Leases | Note 15: Leases The Company has operating leases consisting primarily of equipment leases and real estate leases. The Company leases real estate property for banking centers, ATM locations, and office space with terms extending through 2032. As of September 30, 2020, the Company reported $7.3 million of right-of-use asset and $7.3 million lease liability in its unaudited Consolidated Balance Sheets. The following tables represents lease costs and other lease information for the periods presented (dollars in thousands):
At September 30, 2020, the Company was obligated under noncancelable operating leases for office space and other commitments. Rent expense under operating leases, included in net occupancy and equipment expense, was $0.7 million and $0.8 million for the three months ended September 30, 2020 and 2019, respectively and $2.3 million and $2.2 million for the nine months ended September 30, 2020 and 2019, respectively. Rent commitments were as follows (dollars in thousands):
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