Operating Leases

12 Months Ended

Dec. 31, 2013

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
2014	$	1,867	$	601
2015		1,452		401
2016		1,242		332
2017		836		204
2018		486		72
Thereafter		2,816		0
Total	$	8,699	$	1,610

Rental expense net of rental income under operating leases was $1.2 million for 2013, $0.8 million for 2012, and $0.9 million for 2011.

- 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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