Operating Leases

12 Months Ended

Dec. 31, 2012

15. 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
2013	$	1,607	$	534
2014		1,068		202
2015		851		160
2016		647		106
2017		508		3
Thereafter		2,603		0
Total	$	7,284	$	1,005

Rental expense net of rental income under operating leases was $0.8 million for 2012, $0.9 million for 2011, and $0.7 million for 2010.

- 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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