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Subordinated Debentures (Tables)
12 Months Ended
Dec. 31, 2019
Subordinated Borrowings [Abstract]  
Summary of Trust Preferred Securities and Debentures
The following table is a summary of trust preferred securities and Debentures at December 31, 2019:
Issuance Trust

Issuance
Date

Trust Preferred
Security Amount

Carrying Value
of Debentures

Rate
Type

Current
Rate

Maturity
Date
 
 
 
 
(Dollars in thousands)
 
 
 
 
 
 
Nara Capital Trust III

06/05/2003

$
5,000


$
5,155


Variable

5.04%

06/15/2033
Nara Statutory Trust IV

12/22/2003

5,000


5,155


Variable

4.84%

01/07/2034
Nara Statutory Trust V

12/17/2003

10,000


10,310


Variable

4.85%

12/17/2033
Nara Statutory Trust VI

03/22/2007

8,000


8,248


Variable

3.54%

06/15/2037
Center Capital Trust I

12/30/2003

18,000


14,235


Variable

4.84%

01/07/2034
Wilshire Statutory Trust II
 
03/17/2005
 
20,000

 
15,743

 
Variable
 
3.69%
 
03/17/2035
Wilshire Statutory Trust III
 
09/15/2005
 
15,000

 
11,134

 
Variable
 
3.29%
 
09/15/2035
Wilshire Statutory Trust IV
 
07/10/2007
 
25,000

 
18,042

 
Variable
 
3.27%
 
09/15/2037
Saehan Capital Trust I
 
03/30/2007
 
20,000

 
15,013

 
Variable
 
3.58%
 
06/30/2037
Total



$
126,000


$
103,035








Schedule of Convertible Note The value of the convertible note at issuance and carrying value as of December 31, 2019 and 2018 is presented in the tables below:
 
 
 
 
As of December 31, 2019
 
 
Amortization/
Capitalization
Period
 
Gross
Carrying
Amount
 
Accumulated
Amortization / Capitalization
 
Carrying Amount
 
 
 
 
(Dollars in thousands)
Convertible notes principal balance
 
 
 
$
217,500

 
$

 
$
217,500

Discount
 
5 years
 
(21,880
)
 
6,659

 
(15,221
)
Issuance costs to be capitalized
 
5 years
 
(4,119
)
 
1,298

 
(2,821
)
Carrying balance of convertible notes
 
 
 
$
191,501

 
$
7,957

 
$
199,458