Operating Leases

12 Months Ended

Dec. 31, 2016

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
2017	$	2,010	$	561
2018		1,501		350
2019		943		261
2020		725		227
2021		610		147
Thereafter		3,089		81
Total	$	8,878	$	1,627

Rental expense net of rental income under operating leases was $1.3 million for 2016, $1.3 million for 2015, and $1.3 million for 2014.