Subordinated Debentures and Subordinated Notes Payable (Tables)

3 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Summary of subordinated debentures and subordinated notes payable

Subordinated debentures and subordinated notes payable are summarized as follows:

	December 31, 2016					September 30, 2016
	Amount outstanding			Common Shares Held in Other Assets		Amount outstanding			Common Shares Held in Other Assets
	(dollars in thousands)
Junior subordinated debentures payable to nonconsolidated trusts
GW Statutory Trust IV, variable rate of 2.85%, plus 3 month LIBOR	$	23,093		$	693	$	23,093		$	693
GW Statutory Trust VI, variable rate of 1.48%, plus 3 month LIBOR	30,928			928		30,928			928
SSB Trust II, variable rate of 1.85%, plus 3 month LIBOR	2,062			62		2,062			62
HF Capital Trust III, variable rate of 3.35%, plus 3 month LIBOR	5,155			155		5,155			155
HF Capital Trust IV, variable rate of 3.10%, plus 3 month LIBOR	7,217			217		7,217			217
HF Capital Trust V, variable rate of 1.83%, plus 3 month LIBOR	5,310			310		10,310			310
HF Capital Trust VI, variable rate of 1.65%, plus 3 month LIBOR	2,155			155		2,155			155
Total junior subordinated debentures payable	75,920			$	2,520	80,920			$	2,520
Less: fair value adjustment 1	(2,478		)			(3,765		)
Total junior subordinated debentures payable, net of fair value adjustment	73,442					77,155
Subordinated notes payable
Fixed to floating rate, 4.875% per annum	35,000					35,000
Less: unamortized debt issuance costs	(264		)			(282		)
Total subordinated notes payable	34,736					34,718
Total subordinated debentures and subordinated notes payable	$	108,178				$	111,873
1 Adjustment reflects the fair value adjustments related to the junior subordinated deferrable interest debentures assumed as part of the HF Financial acquisition.