Subordinated Debentures (Tables)

3 Months Ended

Mar. 31, 2016

Subordinated Debentures [Abstract]

Summary of pertinent information related to the Company’s junior subordinated debentures outstanding

A summary of pertinent information related to the Company’s two issues of subordinated debentures outstanding at March 31, 2016 is set forth in the table below:

Description	Issuance Date	Trust Preferred Securities Outstanding		Interest Rate(1)	Subordinated Debt Owed to Trusts		Maturity Date(2)
	(Dollars in thousands)
Patriot Bancshares Capital Trust I	March 31, 2006	$	5,000	3 month LIBOR +1.85%, not to exceed 11.90%	$	5,155	April 7, 2036
Patriot Bancshares Capital Trust II	August 8, 2007	$	16,500	3 month LIBOR +1.80%, not to exceed 11.90%	$	17,011	September 15, 2037

⁽¹⁾ The 3-month LIBOR in effect as of March 31, 2016 was 0.629%.

⁽²⁾ All debentures are callable five years from issuance date.