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Junior Subordinated Debentures Held by Trusts that Issued Capital Debt (Tables)
12 Months Ended
Dec. 31, 2016
Text Block [Abstract]  
Summary of Capital Securities and Junior Subordinated Debentures

The following is a summary of the outstanding capital securities issued by each Issuer Trust and the junior subordinated debentures issued by the Company to each Issuer Trust as of December 31, 2016.

SUMMARY OF CAPITAL SECURITIES AND JUNIOR SUBORDINATED DEBENTURES

 

December 31, 2016

 

Capital Securities

 

Junior Subordinated Debentures

Issuer Trust

 

Issuance Date

 

Stated

Value

 

 

Distribution Rate

 

Principal

Amount

 

 

Maturity

 

Redeemable

Beginning

Sun Capital Trust V

 

December 18, 2003

 

$

15,000

 

 

3-mo LIBOR plus

   2.80%

 

$

15,464

 

 

December 30, 2033

 

December 30, 2008

Sun Capital Trust VI

 

December 19, 2003

 

 

25,000

 

 

3-mo LIBOR plus

   2.80%

 

 

25,774

 

 

January 23, 2034

 

January 23, 2009

Sun Statutory Trust VII

 

January 17, 2006

 

 

30,000

 

 

3-mo LIBOR plus

   1.35%

 

 

30,928

 

 

March 15, 2036

 

March 15, 2011

Sun Capital Trust VII

 

April 19, 2007

 

 

10,000

 

 

3-mo LIBOR plus

   1.53%

 

 

10,310

 

 

June 30, 2037

 

June 30, 2012

Sun Capital Trust VIII

 

July 5, 2007

 

 

10,000

 

 

3-mo LIBOR plus

   1.39%

 

 

10,310

 

 

October 1, 2037

 

October 1, 2012

 

 

 

 

$

90,000

 

 

 

 

$

92,786