LONG-TERM OBLIGATIONS

Long-term obligations at December 31 include:



(Dollars in thousands)	2014			2013
Junior subordinated debenture at 3-month LIBOR plus 1.75 percent maturing June 30, 2036	$	96,392		$	96,392
Junior subordinated debenture at 3-month LIBOR plus 2.25 percent maturing June 15, 2034	26,547			—
Junior subordinated debenture at 3-month LIBOR plus 2.85 percent maturing April 7, 2034	10,000			—
Subordinated notes payable at 5.125 percent maturing June 1, 2015	—			125,000
Subordinated notes payable 8.00 percent June 1, 2018	15,000			—
Obligations under capitalized leases extending to July 2026	3,150			6,515
Notes payable to Federal Home Loan Bank of Atlanta with rates ranging from 2.00 percent to 3.58 percent and maturing through September 2021	160,268			240,283
Note payable to the Federal Home Loan Bank of Seattle with a rate of 4.74 percent and a maturity date of July 2017	10,000			10,000
Unamortized purchase accounting adjustments	(156		)	2,449
Other long-term debt	30,119			30,130
Total long-term obligations	$	351,320		$	510,769

At December 31, 2014 long-term obligations included $132.9 million in junior subordinated debentures representing obligations to FCB/NC Capital Trust III, FCB/SC Capital Trust II, and SCB Capital Trust I, special purpose entities and grantor trusts for $128.5 million of trust preferred securities. FCB/NC Capital Trust III, FCB/SC Capital Trust II and SCB Capital Trust I's ("the Trusts") trust preferred securities mature in 2036, 2034 and 2034, respectively, and may be redeemed at par in whole or in part at any time. BancShares has guaranteed all obligations of the Trusts.

Long-term obligations maturing in each of the five years subsequent to December 31, 2014 and thereafter, include:



	Year ended December 31
2015	$	147
2016	—
2017	10,725
2018	136,104
2019	—
Thereafter	204,344
Total long-term obligations	$	351,320