Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consisted of the following (in thousands):

	December 31,						Issue Date	Stated Maturity Date	Earliest Call Date
	2019			2018						Interest Rate
Obligations of the Bank and its Subsidiaries:
NER 16-1 Class A-2 notes	$	—		$	19,975		2016	2021	n/a	2.20%
NER 16-1 Class B notes	—			25,489			2016	2021	n/a	3.22%
NER 16-1 Class C notes	—			6,319			2016	2021	n/a	5.05%
NER 16-1 Class D notes	—			3,213			2016	2023	n/a	7.87%
Total securitized notes payable	—			54,996
Obligations of the Holding Company:
2022 senior debentures	50,000			50,000			2015	2022	2020	5.000% through August 13, 2020, 3-month LIBOR plus 3.814% thereafter
2027 senior debentures	35,000			35,000			2015	2027	2025	5.500% through August 13, 2025, 3-month LIBOR plus 3.71% thereafter
Total senior debentures	85,000			85,000
2028 subordinated debentures	100,000			100,000			2018	2028	2023	4.500% through January 30, 2023, 3-month LIBOR plus 2.12% thereafter
2025 subordinated debentures	11,250			11,500			2015	2025	2020	6.250%
Total subordinated debentures	111,250			111,500
Southern Bancorp Capital Trust I	4,382			4,382			2004	2034	2009	Prime + 1.00%
Tidelands Statutory Trust I	8,248			8,248			2006	2036	2011	3-month LIBOR plus 1.38%
Four Oaks Statutory Trust I	12,372			12,372			2006	2036	2011	3-month LIBOR plus 1.35%
Total trust preferred securities	25,002			25,002
Less discount	(8,588		)	(9,309		)
Total long-term debt	$	212,664		$	267,189