Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Long-term debt

Long-term debt as of December 31, 2013 and 2012 is summarized as follows:

	2013		2012
Federal Home Loan Bank advances	$	75,405	$	83,843
Junior subordinated debentures	94,187		75,609
Total long-term debt	$	169,592	$	159,452

Debentures

The following table provides details on the debentures as of December 31, 2013:

	Principal Amount		Interest Rate		Year of Maturity	Amount Included in Tier 1 Capital
PHC Statutory Trust I	$	20,619	3.09	%	2033	$	20,000
PHC Statutory Trust II	31,959		2.11		2035	31,000
Heritage Financial Statutory Trust I	10,310		10.20		2031	10,000
Capital Bancorp Capital Trust I	12,372		1.75		2035	12,000
First M&F Statutory Trust I	30,928		1.57		2036	18,000

Aggregate stated maturities of long-term debt outstanding

The aggregate stated maturities of long-term debt outstanding at December 31, 2013, are summarized as follows:

2014	$	6,555
2015	6,472
2016	1,592
2017	—
2018	44,034
Thereafter	110,939
Total	$	169,592