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