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CAPITAL RESOURCES AND OTHER LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2013
CAPITAL RESOURCES AND OTHER LONG-TERM DEBT  
Summary of pertinent information related to outstanding junior subordinated debt issued by each Trust

 

 

 

 

 

 

 

Rate at

 

Balance at

 

 

 

 

 

Stated

 

December 31,

 

December 31,

 

Trust Name

 

Maturity Date (1)

 

Interest Rate

 

2013

 

2013

 

2012

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

East West Capital Statutory Trust III

 

December 2033

 

3-month Libor + 2.85%

 

 

 

10,000

 

East West Capital Trust IV

 

July 2034

 

3-month Libor + 2.55%

 

2.79%

 

10,000

 

10,000

 

East West Capital Trust V

 

November 2034

 

3-month Libor + 1.80%

 

2.04%

 

15,000

 

15,000

 

East West Capital Trust VI

 

September 2035

 

3-month Libor + 1.50%

 

1.74%

 

20,000

 

20,000

 

East West Capital Trust VII

 

June 2036

 

3-month Libor + 1.35%

 

1.59%

 

30,000

 

30,000

 

East West Capital Trust VIII

 

June 2037

 

3-month Libor + 1.40%

 

1.64%

 

18,000

 

18,000

 

East West Capital Trust IX

 

September 2037

 

3-month Libor + 1.90%

 

2.14%

 

30,000

 

30,000

 

 

 

 

 

 

 

 

 

$123,000

 

$133,000

 

 

 

(1)                                        All of the above debt instruments are subject to various call options.