Federal Home Loan Bank Advances and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2017

FEDERAL HOME LOAN BANK ADVANCES AND LONG-TERM DEBT

Schedule of the components of long-term debt

The following table presents the components of long-term debt as of December 31, 2017 and 2016:

($ in thousands)	December 31,
	2017		2016
Junior subordinated debt	$	146,577	$	146,327
Term loan	25,000		40,000
Total long-term debt	$	171,577	$	186,327

Summary of the outstanding junior subordinated debt issued by each trust

The following table presents the outstanding junior subordinated debt issued by each trust as of December 31, 2017 and 2016:

Issuer	Stated Maturity (1)	Stated Interest Rate	Current Rate	December 31, 2017				December 31, 2016
				Aggregate Principal Amount of Trust Securities		Aggregate Principal Amount of the Junior Subordinated Debts		Aggregate Principal Amount of Trust Securities		Aggregate Principal Amount of the Junior Subordinated Debts
($ in thousands)
East West Capital Trust V	November 2034	3-month LIBOR + 1.80%	3.25%	$	464	$	15,000	$	464	$	15,000
East West Capital Trust VI	September 2035	3-month LIBOR + 1.50%	3.09%	619		20,000		619		20,000
East West Capital Trust VII	June 2036	3-month LIBOR + 1.35%	2.94%	928		30,000		928		30,000
East West Capital Trust VIII	June 2037	3-month LIBOR + 1.40%	2.91%	619		18,000		619		18,000
East West Capital Trust IX	September 2037	3-month LIBOR + 1.90%	3.49%	928		30,000		928		30,000
MCBI Statutory Trust I	December 2035	3-month LIBOR + 1.55%	3.14%	1,083		35,000		1,083		35,000
Total				$	4,641	$	148,000	$	4,641	$	148,000

(1) All the above debt instruments are subject to call options where early redemption requires appropriate notice.