|12 Months Ended|
Dec. 31, 2020
NOTE 12. OPERATING LEASES
Minimum future rental expense related to leased office space and equipment by the Company on non-cancellable operating lease agreements are as follows:
Many of the Company’s operating leases contain renewal options. Lease expenses of $2.7 million and $1.8 million for the years ended December 31, 2020 and 2019 have been included in occupancy expense on the consolidated statement of income.
The Company currently leases one of its branch locations from a Company director. The expense incurred by the Company under this lease was $157 thousand, $157 thousand, and $155 thousand for the years ended December 31, 2020, 2019, and 2018, respectively.
The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef