Operating Leases

12 Months Ended

Dec. 31, 2011

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
2012	$	1,533	$	325
2013		1,252		81
2014		747		45
2015		533		28
2016		331		23
Thereafter		2,696		0
Total	$	7,092	$	502

Rental expense net of rental income under operating leases was $0.9 million for 2011 and $0.7 million for each of the years 2010 and 2009.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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