Junior Subordinated Debentures Issued to Capital Trusts (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

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

The table below summarizes the outstanding callable junior subordinated debentures and the related trust preferred securities issued by each trust as of December 31, 2022 and 2021: 

	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, 2022
Carrying value (1)	$	24,743	$	9,325	$	8,860	$	13,832
Contractual principal balance	24,743		10,310		10,310		15,464
December 31, 2021
Carrying value (1)	$	24,743	$	9,225	$	8,730	$	13,715
Contractual principal balance	24,743		10,310		10,310		15,464
Annual interest rate	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
Trust Preferred Securities:
December 31, 2022 and 2021
Face value	$	24,000	$	10,000	$	10,000	$	15,000
Annual distribution rate	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 (2)	Quarterly		Quarterly		Quarterly		Quarterly

(1)The carrying values include unamortized purchase accounting adjustments at December 31, 2022 and 2021.

(2)All cash distributions are cumulative.