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Subordinated Debentures (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of outstanding subordinated debentures The following table summarizes our outstanding subordinated debentures as of the dates indicated:
 June 30, 2020December 31, 2019
Stated MaturityCurrent Interest RateCurrent Principal BalanceCarrying Value
 (Dollars in thousands)
Subordinated notes
Subordinated notes due 2024, 5.75% per annum
September 3, 20245.75 %$60,000  $59,492  $59,432  
Subordinated notes due 2029, 4.875% per annum until May 15, 2024, 3-month LIBOR +2.5% thereafter
May 15, 20294.875 %125,000  122,749  122,622  
Subordinated notes due 2030, 5.375% per annum until June 15, 2025, 3-month SOFR +5.17% thereafter
June 15, 20305.375 %150,000  147,370  —  
Subordinated notes due 2025, 7.125% per annum
June 26, 20257.125 %25,000  25,121  25,133  
Subordinated notes due 2026, 5.5% per annum until June 30 2021, 3-month LIBOR +4.285% thereafter
July 1, 20265.50 %135,000  138,613  —  
Total subordinated notes495,000  493,345  207,187  
Subordinated debt
Heritage Oaks Capital Trust II (junior subordinated debt), 3-month LIBOR+1.72%
January 1, 20373.15 %5,248  4,088  4,054  
Santa Lucia Bancorp (CA) Capital Trust (junior subordinated debt), 3-month LIBOR+1.48%
July 7, 20362.70 %5,155  3,942  3,904  
Total subordinated debt10,403  8,030  7,958  
Total subordinated debentures$505,403  $501,375  $215,145