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SUBORDINATED DEBENTURES AND SUBORDINATED NOTES (Tables)
 12 Months Ended
Dec. 31, 2017
Subordinated Borrowings [Abstract]  
Summary of pertinent information related to the Company's junior subordinated debentures outstanding
A summary of pertinent information related to the Company’s issues of subordinated Notes outstanding at December 31, 2017 and 2016 is set forth in the table below:

 
 
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
 
(1,291
)
 
(1,115
)
Total subordinated notes
 
$
33,709

 
$
33,885

A summary of pertinent information related to the Company’s two issues of subordinated debentures outstanding at December 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
 
(1)    The 3-month LIBOR in effect as of December 31, 2017 was 1.694%
(2)    All debentures are callable five years from issuance date