Junior Subordinated Debentures Issued to Capital Trusts (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Outstanding Junior Subordinated Debentures and Related Trust Preferred Securities Issued by Each Trust

The table below summarizes the outstanding junior subordinated debentures and the related trust preferred securities issued by each trust as of December 31, 2018 and 2017:

	GCB Capital Trust III		State Bancorp Capital Trust I		State Bancorp Capital Trust II		Aliant Statutory Trust II
	($ in thousands)
Junior Subordinated Debentures:
December 31, 2018
Carrying value (1)	$	24,743	$	8,924	$	8,337	$	13,366
Contractual principal balance	24,743		10,310		10,310		15,464
December 31, 2017
Carrying value (1)	$	24,743	$	8,824	$	8,207	NA
Contractual principal balance	24,743		10,310		10,310		NA
Annual interest rate (2)	3-mo. LIBOR+1.4%		3-mo. LIBOR+3.45%		3-mo. LIBOR+2.85%		3-mo. LIBOR+1.8%
Stated maturity date	July 30, 2037		November 7, 2032		January 23, 2034		December 15, 2036
Initial call date	July 30, 2017		November 7, 2007		January 23, 2009		December 15, 2011
Trust Preferred Securities:
December 31, 2018 and 2017
Face value	$	24,000	$	10,000	$	10,000	$	15,000
Annual distribution rate (2)	3-mo. LIBOR+1.4%		3-mo. LIBOR+3.45%		3-mo. LIBOR+2.85%		3-mo. LIBOR+1.8%
Issuance date	July 2, 2007		October 29, 2002		December 19, 2003		December 14, 2006
Distribution dates (3)	Quarterly		Quarterly		Quarterly		Quarterly

(1) The carrying values include unamortized purchase accounting adjustments at December 31, 2018 and 2017.

(2) Interest on GCB Capital Trust III was fixed at an annual rate of 6.96 percent until July 30, 2017, thereafter, it resets quarterly to 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.