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Subordinated Debentures (Tables)
3 Months Ended
Mar. 31, 2017
Subordinated Debt.  
Subordinated Borrowing [Line Items]  
Summary of pertinent information related to the debt

A summary of pertinent information related to the Company’s two issues of subordinated debentures outstanding at March 31, 2017 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 2, 2007

 

$

16,500

 

3 month LIBOR +1.80%, not to exceed 11.90%

 

$

17,011

 

September 15, 2037

 

Subordinated Notes, Fixed to Floating 8.50% pa  
Subordinated Borrowing [Line Items]  
Summary of pertinent information related to the debt

A summary of pertinent information related to the Company’s issues of subordinated Notes outstanding at March 31, 2017 is set forth in the table below:

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

 

2017

    

2016

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Subordinated notes fixed to floating rate, 8.50% per annum, maturity date December 15, 2026

 

$

35,000

 

$

35,000

Less: unamortized debt issuance costs

 

 

(1,408)

 

 

(1,115)

Total subordinated notes

 

$

33,592

 

$

33,885