Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2020

Long-term debt as of December 31, 2020 and 2019 is summarized as follows:


	2020		2019
Federal Home Loan Bank advances	$	152,167	$	152,337

Junior subordinated debentures	110,794		110,215
Subordinated notes	212,009		113,955
Total long-term debt	$	474,970	$	376,507

Debentures

The following table provides details on the debentures as of December 31, 2020:


	Principal Amount		Interest Rate		Year of Maturity	Amount Included in Tier 1 Capital
PHC Statutory Trust I	$	20,619	3.08	%	2033	$	20,000
PHC Statutory Trust II	31,959		2.09		2035	31,000
Capital Bancorp Capital Trust I	12,372		1.74		2035	12,000
First M&F Statutory Trust I	30,928		1.55		2036	21,646
Brand Group Holdings Statutory Trust I	10,310		2.30		2035	9,172
Brand Group Holdings Statutory Trust II	5,155		3.22		2037	5,055
Brand Group Holdings Statutory Trust III	5,155		3.22		2038	5,055
Brand Group Holdings Statutory Trust IV	3,093		3.97		2038	3,275

Aggregate stated maturities of long-term debt outstanding

The aggregate stated maturities of long-term debt outstanding at December 31, 2020, are summarized as follows:


2021	$	100
2022	451
2023	—
2024	—
2025	—
Thereafter	474,419
Total	$	474,970

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details