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, 2018, 2017 and 2016 is summarized as follows:



	Year Ended December 31,
	2018			2017			2016
	(Dollars in thousands)
Rent expense charged to net occupancy	$	8,578		$	8,318		$	8,700
Less: sublease income	(41		)	(43		)	(43		)
Net rent expense charged to net occupancy	8,537			8,275			8,657
Add: rent expense charged to equipment expense	12			15			19
Total net rent expense	$	8,549		$	8,290		$	8,676

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, 2018 (in thousands):



Year Ending December 31:
2019	$	6,667
2020	6,083
2021	5,521
2022	4,827
2023	3,203
Thereafter	17,423
Total	$	43,724

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, 2018 (in thousands):



Year Ending December 31:
2019	$	1,956
2020	1,720
2021	1,803
2022	1,234
2023	434
Thereafter	357
Total	$	7,504

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.