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SUBORDINATED DEBT (Tables)
 6 Months Ended
Jun. 30, 2017
SUBORDINATED DEBT  
Schedule of summary of company's subordinated debt

The following table summarizes the Company’s subordinated debt as of June 30, 2017 and December 31, 2016 (in thousands):

 

 

 

 

 

 

 

 

 

    

June 30, 

    

December 31, 

 

 

 

2017

 

2016

 

Subordinated debt issued June 2015 – fixed interest rate of 6.00% for the first five years through June 2020 and a variable interest rate equivalent to three month LIBOR plus 4.35% thereafter, $40,325 maturing June 18, 2025

 

$

39,765

 

$

39,729

 

Subordinated debt issued June 2015 – fixed interest rate of 6.50%,  $15,000 maturing June 18, 2025

 

 

14,791

 

 

14,779

 

Total subordinated debt

 

$

54,556

 

$

54,508