Subordinated Debentures (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of outstanding subordinated debentures

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

						March 31, 2021		December 31, 2020
	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	$	59,581	$	59,552
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		122,941		122,877
Subordinated notes due 2030, 5.375% per annum until June 15, 2025, 3-month SOFR +5.170% thereafter	June 15, 2030	5.375	%	150,000		147,567		147,501
Subordinated notes due 2025, 7.125% per annum	June 26, 2025	7.125	%	25,000		25,103		25,109
Subordinated notes due 2026, 5.50% per annum until June 30 2021, 3-month LIBOR +4.285% thereafter	July 1, 2026	5.50	%	135,000		138,282		138,371
Total subordinated notes				495,000		493,474		493,410
Subordinated debt
Heritage Oaks Capital Trust II (junior subordinated debt), 3-month LIBOR+1.72%	January 1, 2037	1.96	%	5,248		4,138		4,121
Santa Lucia Bancorp (CA) Capital Trust (junior subordinated debt), 3-month LIBOR+1.48%	July 7, 2036	1.72	%	5,155		3,999		3,980
Total subordinated debt				10,403		8,137		8,101
Total subordinated debentures				$	505,403	$	501,611	$	501,511