19. OPERATING LEASES

We lease certain property and equipment with lease terms expiring through 2045. 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, 2016, 2015 and 2014 is summarized as follows:



	Year Ended December 31,
	2016			2015			2014
	(Dollars in thousands)
Rent expense charged to net occupancy	$	8,700		$	9,287		$	10,210
Less: sublease income	(43		)	(25		)	—
Net rent expense charged to net occupancy	8,657			9,262			10,210
Add: rent expense charged to equipment expense	19			30			53
Total net rent expense	$	8,676		$	9,292		$	10,263

The following is a schedule of future minimum rental commitments for all non-cancellable operating leases that had initial lease terms in excess of one year at December 31, 2016 (in thousands):



Year Ending December 31:
2017	$	6,564
2018	5,810
2019	5,314
2020	4,851
2021	4,317
Thereafter	21,488
Total	$	48,344

In addition, the Company, as lessor, leases certain properties that it owns. The following is a schedule of future minimum rental income for those non-cancellable operating leases that had initial lease terms in excess of one year at December 31, 2016 (in thousands):



Year Ending December 31:
2017	$	2,109
2018	1,089
2019	476
2020	250
2021	200
Thereafter	230
Total	$	4,354

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.