Subordinated Debentures (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of outstanding subordinated debentures

The following table summarizes our outstanding subordinated debentures as of the dates indicated:

						March 31, 2020		December 31, 2019
	Stated Maturity	Current Interest Rate		Current Principal Balance		Carrying Value
				(Dollars in thousands)
Subordinated notes
Subordinated notes due 2024, 5.75% per annum	September 3, 2024	5.75	%	$	60,000	$	59,462	$	59,432
Subordinated notes due 2029, 4.875% per annum until May 15, 2024, 3-month LIBOR +2.5% thereafter	May 15, 2029	4.875	%	125,000		122,686		122,622
Subordinated notes due 2025, 7.125% per annum	June 26, 2025	7.125	%	25,000		25,127		25,133
Total subordinated notes				210,000		207,275		207,187
Subordinated debt
Heritage Oaks Capital Trust II (junior subordinated debt), 3-month LIBOR+1.72%	January 1, 2037	3.63	%	5,248		4,071		4,054
Santa Lucia Bancorp (CA) Capital Trust (junior subordinated debt), 3-month LIBOR+1.48%	July 7, 2036	3.31	%	5,155		3,923		3,904
Total subordinated debt				10,403		7,994		7,958
Total subordinated debentures				$	220,403	$	215,269	$	215,145