Operating Leases

12 Months Ended

Dec. 31, 2015

16. Operating Leases

Certain premises and equipment are leased under operating leases. Additionally, certain premises are leased or subleased to third parties. These leases generally contain renewal options and require CTBI to pay all executory costs, such as taxes, maintenance fees, and insurance. Minimum non-cancellable rental payments and rental receipts are as follows:

(in thousands)	Payments		Receipts
2016	$	1,943	$	584
2017		1,535		256
2018		1,146		111
2019		663		27
2020		398		21
Thereafter		3,341		66
Total	$	9,026	$	1,065

Rental expense net of rental income under operating leases was $1.3 million for 2015, $1.3 million for 2014, and $1.2 million for 2013.