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Lease Commitments

12 Months Ended

Dec. 31, 2020

Lease Commitments

Lease Commitments

(12) Lease Commitments

The Corporation leases twenty-two offices from third parties under operating lease agreements expiring at different periods through March 2031. Under all current agreements, the Corporation is responsible for its portion of real estate taxes, utilities, insurance, and repairs and maintenance.

Total rental expense for the years ended December 31, 2020 and 2019 was $1.9 million and $1.3 million, respectively. Future minimum lease payments by year and in the aggregate, under these lease agreements, are as follows:

​

​	​	​	​
Future minimum lease payments	​	​	​
​	​	​	​
(dollars in thousands)		​	​
2021	​	$	2,067
2022	​	​	1,638
2023	​	​	1,549
2024	​	​	1,528
2025	​	​	1,260
Thereafter	​	​	3,303
​	​	$	11,345

​

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The entire disclosure for commitments and contingencies.

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