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Subordinated Debentures (Tables)
12 Months Ended
Dec. 31, 2018
Debt Instruments [Abstract]  
Summary of Subordinated Debentures
The Company’s subordinated debentures are reflected in the table below. The amounts include fair value adjustments from acquisitions.
 
December 31, 2018
 
Rate Structure
 
Maturity Date
(Dollars in thousands)
Balance
 
Rate
 
 
Subordinated debentures owed to trust subsidiaries
 
 
 
 
 
 
 
First Company Statutory Trust 2001
$
3,332

 
5.827
%
 
3 month LIBOR plus 3.30%
 
07/31/2031
First Company Statutory Trust 2003
2,452

 
6.072
%
 
3 month LIBOR plus 3.25%
 
03/26/2033
Glacier Capital Trust II
46,393

 
5.186
%
 
3 month LIBOR plus 2.75%
 
04/07/2034
Citizens (ID) Statutory Trust I
5,155

 
5.438
%
 
3 month LIBOR plus 2.65%
 
06/17/2034
Glacier Capital Trust III
36,083

 
3.726
%
 
3 month LIBOR plus 1.29%
 
04/07/2036
Glacier Capital Trust IV
30,928

 
4.358
%
 
3 month LIBOR plus 1.57%
 
09/15/2036
Bank of the San Juans Bancorporation Trust I
1,935

 
4.558
%
 
3 month LIBOR plus 1.82%
 
03/01/2037
Total subordinated debentures owed to trust subsidiaries
126,278

 
 
 
 
 
 
Tier 2 subordinated debentures
7,773

 
6.625
%
 
Fixed
 
10/01/2025
Total subordinated debentures
$
134,051