content_image/192970.jpg content_image/192971.jpg
Future minimum lease payments by year on these non - cancellable leases are as follows ( in thousands): 

<img src='content_image/192970.jpg'>

In February 2014, the Bank entered into a 10 year renewable operating lease for land on which the Bank plans to construct a new branch office facility. The rent for each of the first three years will be $ 75, 000. Beginning in the fourth year and each year thereafter, the rent will increase by an amount of 3 %. The future minimum lease payments related to this land lease are not reflected in the table above. 

## 7. Derivative Financial Instruments 

The following table presents a summary of the notional amounts and fair values of derivative financial instruments as of December 31, 2013 and 2012 ( dollars in thousands): 

<img src='content_image/192971.jpg'>

Asset related derivatives are included in other assets on the balance sheet. Liability related derivatives are included in other liabilities on the balance sheet. related derivatives included other assets the related derivatives included liabilities on the 

