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COMMITMENTS AND CONTINGENCIES
12 Months Ended
Dec. 31, 2020
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

NOTE 11 — COMMITMENTS AND CONTINGENCIES

The Company leases certain branch properties under operating leases. Approximate future minimum rental payments required under all non-cancellable operating leases, before considering renewal options that generally are present, were as follows (in thousands):

Year Ending December 31, 

    

2021

$

3,947

2022

 

3,877

2023

 

3,548

2024

 

3,506

2025

 

3,285

Thereafter (and through 2035)

 

23,417

$

41,580

Total rent expense for the years ended December 31, 2020 and 2019 was $4.7 million and $3.8 million, respectively.