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Leases | 12 Months Ended
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Dec. 31, 2018
Leases [Abstract] |
Leases | Leases The Corporation leases various office spaces, loan production offices and specialty financing production offices under noncancelable operating leases which expire on various dates through 2028. The Corporation’s total rent expense was $2.1 million, $1.9 million, and $1.8 million for the years ended December 31, 2018, 2017, and 2016, respectively. Rent expense is recognized on a straight-line basis. The Corporation also leases other office equipment. Rental expense for these operating leases was $159,000, $129,000, and $136,000 for the years ended December 31, 2018, 2017, and 2016, respectively. Future minimum lease payments for noncancelable operating leases for each of the five succeeding years and thereafter are as follows:
(In Thousands) |
2019 | $ | 1,690 |
2020 | 1,613 |
2021 | 1,434 |
2022 | 1,410 |
2023 | 1,014 |
Thereafter | 3,063 |
| $ | 10,224 |

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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