The table below summarizes the outstanding junior subordinated debentures and the related trust preferred securities issued by each trust as of December 31, 2017 and 2016:



	GCB Capital Trust III		State Bancorp Capital Trust I		State Bancorp Capital Trust II
	($ in thousands)
Junior Subordinated Debentures:
December 31, 2017
Carrying value ⁽¹⁾	$	24,743	$	8,824	$	8,207
Contractual principal balance	24,743		10,310		10,310
December 31, 2016
Carrying value ⁽¹⁾	$	24,777	$	8,724	$	8,076
Contractual principal balance	24,743		10,310		10,310
Annual interest rate ⁽²⁾	3-month LIBOR+1.4%		3-month LIBOR+3.45%		3-month LIBOR+2.85%
Stated maturity date	July 30, 2037		November 7, 2032		January 23, 2034
Initial call date	July 30, 2017		November 7, 2007		January 23, 2009
Trust Preferred Securities:
December 31, 2017 and 2016
Face value	$	24,000	$	10,000	$	10,000
Annual distribution rate ⁽²⁾	3-month LIBOR+1.4%		3-month LIBOR+3.45%		3-month LIBOR+2.85%
Issuance date	July 2, 2007		October 29, 2002		December 19, 2003
Distribution dates ⁽³⁾	Quarterly		Quarterly		Quarterly


(1)	The carrying values include unamortized purchase accounting adjustments at December 31, 2017 and 2016.


(2)	Interest on GCB Capital Trust III was fixed at an annual rate of 6.96 percent until July 30, 2017, then it reset to a 3-month LIBOR plus 1.4 percent. The annual interest rate for all of the junior subordinated debentures and related trust preferred securities excludes the effect of the purchase accounting adjustments.


(3)	All cash distributions are cumulative.