5. Long-Term Debt

Effective January 1, 2016, the Company retrospectively adopted accounting guidance intended to simplify the presentation of debt issuance costs by requiring that costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. Historically, debt issuance costs were reported in the “Other Assets” line items in the Consolidated Balance Sheets and Statements of Cash Flows. All historical periods have been restated to reflect the revised presentation and new required disclosures are reflected below. The adoption of this guidance did not have a material impact on the Company’s financial condition or operating results.

Long-term debt consisted of the following:



		June 30,		December 31,
(in thousands)		2016		2015
Subordinated notes payable, maturing June 2045	$	150,000	$	150,000
Subordinated notes payable, maturing April 2017		95,511		98,011
Term note payable, maturing December 2018		116,050		125,000
Other long-term debt		112,224		122,988
Less unamortized debt issuance costs		(5,757)		(5,854)
Total long-term debt less unamortized debt issuance costs	$	468,028	$	490,145

Long-term debt with its related unamortized debt issuance cost at June 30, 2016 is presented in the following table:


Long-term debt at June 30, 2016, consisted of the following:
				Unamortized
				Debt
				Issuance
(in thousands)		Principal		Costs
Subordinated notes payable, maturing June 2045	$	150,000	$	5,044
Subordinated notes payable, maturing April 2017		95,511		-
Term note payable, maturing December 2018		116,050		713
Other long-term debt		112,224		-
Total	$	473,785		5,757