Junior Subordinated Interest Deferrable Debentures (Tables)

9 Months Ended

Sep. 30, 2024

Junior Subordinated Interest Deferrable Debentures

Junior subordinated interest deferrable debentures, major types of business trusts

	Junior
	Subordinated
	Deferrable
	Interest		Repricing	Interest		Interest				Optional
	Debentures		Frequency	Rate		Rate Index(1)			Maturity Date	Redemption Date(2)
	(Dollars in Thousands)
Trust IX	$	41,238	Quarterly	7.21	%	SOFR	+	1.62	October 2036	October 2011
Trust X		21,021	Quarterly	7.16	%	SOFR	+	1.65	February 2037	February 2012
Trust XI		25,990	Quarterly	7.21	%	SOFR	+	1.62	July 2037	July 2012
Trust XII		20,619	Quarterly	6.73	%	SOFR	+	1.45	September 2037	September 2012
	$	108,868

(1)    On July 1, 2023, the interest rate index on the Capital and Common Securities transitioned from U.S.-dollar London Interbank Offered Rate (“LIBOR”) to the Three-Month CME Term Secured Overnight Financing Rate (“SOFR”) with a 26-basis point spread adjustment

(2) The Capital and Common Securities may be redeemed in whole or in part on any interest payment date after the Optional Redemption Date (as defined in the respective Indenture).