19.	OPERATING LEASES

We lease certain properties and equipment with lease terms expiring through 2038. In most instances, the property leases provide for the renegotiation of rental terms at fixed intervals, and generally contain renewal options for periods ranging from five to 15 years.

Net rent expense for all operating leases for the years ended December 31, 2011, 2010 and 2009 is summarized as follows:

	Year Ended December 31,
	2011			2010			2009
	(Dollars in thousands)

Rent expense charged to net occupancy	$	10,286		$	10,195		$	10,525
Less sublease income		(74	)		(92	)		(120	)
Net rent expense charged to net occupancy		10,212			10,103			10,405
Rent expense charged to equipment expense		162			191			296
Total net rent expense	$	10,374		$	10,294		$	10,701

The following is a schedule of future minimum rental commitments for all noncancellable operating leases that had initial lease terms in excess of one year at December 31, 2011:

			Less
	Rental		Sublease			Net Rental
	Commitment		Rental Income			Commitment
	(Dollars in thousands)
Year ending December 31:
2012	$	7,383	$	(27	)	$	7,356
2013		6,512		-			6,512
2014		5,813		-			5,813
2015		4,691		-			4,691
2016		3,719		-			3,719
Thereafter		24,981		-			24,981
Total	$	53,099	$	(27	)	$	53,072

In addition, the Company, as lessor, leases certain properties that it owns. The following is a schedule of future minimum rental income for those noncancellable operating leases that had initial lease terms in excess of one year at December 31, 2011 (in thousands):

Year ending December 31:
2012	$	7,346
2013		6,553
2014		5,529
2015		4,765
2016		3,904
Thereafter		7,299
Total	$	35,396

In instances where the lease calls for a renegotiation of rental payments, the lease rental payment in effect prior to renegotiation was used throughout the remaining lease term.