SUBORDINATED DEFERRABLE INTEREST DEBENTURES (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Subordinated Deferrable Interest Debentures

The following table summarizes the terms of the Company's outstanding subordinated deferrable interest debentures as of December 31, 2022:


							December 31, 2022
(dollars in thousands) Name of Trust	Issuance Date	Rate	Rate at December 31, 2022	Maturity Date	Issuance Amount		Unaccreted Purchase Discount		Carrying Value
Prosperity Bank Statutory Trust II	March 2003	3-month LIBOR plus 3.15%	7.87%	March 26, 2033	$	4,640	$	811	$	3,829
Fidelity Southern Statutory Trust I	June 2003	3-month LIBOR plus 3.10%	7.82%	June 26, 2033	15,464		1,031		14,433
Coastal Bankshares Statutory Trust I	August 2003	3-month LIBOR plus 3.15%	7.23%	October 7, 2033	5,155		832		4,323
Jacksonville Statutory Trust I	June 2004	3-month LIBOR plus 2.63%	7.37%	June 17, 2034	4,124		691		3,433
Prosperity Banking Capital Trust I	June 2004	3-month LIBOR plus 2.57%	6.24%	June 30, 2034	5,155		1,177		3,978
Merchants & Southern Statutory Trust I	March 2005	3-month LIBOR plus 1.90%	6.64%	March 17, 2035	3,093		773		2,320
Fidelity Southern Statutory Trust II	March 2005	3-month LIBOR plus 1.89%	6.63%	March 17, 2035	10,310		1,759		8,551
Atlantic BancGroup, Inc. Statutory Trust I	September 2005	3-month LIBOR plus 1.50%	6.27%	September 15, 2035	3,093		983		2,110
Coastal Bankshares Statutory Trust II	December 2005	3-month LIBOR plus 1.60%	6.37%	December 15, 2035	10,310		2,969		7,341
Cherokee Statutory Trust I	November 2005	3-month LIBOR plus 1.50%	6.27%	December 15, 2035	3,093		594		2,499
Prosperity Bank Statutory Trust III	January 2006	3-month LIBOR plus 1.60%	6.37%	March 15, 2036	10,310		3,310		7,000
Merchants & Southern Statutory Trust II	March 2006	3-month LIBOR plus 1.50%	6.27%	June 15, 2036	3,093		909		2,184
Jacksonville Statutory Trust II	December 2006	3-month LIBOR plus 1.73%	6.50%	December 15, 2036	3,093		817		2,276
Ameris Statutory Trust I	December 2006	3-month LIBOR plus 1.63%	6.40%	December 15, 2036	37,114		—		37,114
Fidelity Southern Statutory Trust III	August 2007	3-month LIBOR plus 1.40%	6.17%	September 15, 2037	20,619		4,880		15,739
Prosperity Bank Statutory Trust IV	September 2007	3-month LIBOR plus 1.54%	6.31%	December 15, 2037	7,940		3,650		4,290
Jacksonville Bancorp, Inc. Statutory Trust III	June 2008	3-month LIBOR plus 3.75%	8.52%	September 15, 2038	7,784		882		6,902
Total					$	154,390	$	26,068	$	128,322