Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2019

Long-Term Debt.

Schedule of long-term debt

	September 30, 2019
						Period End
	Face		Carrying			Interest		Maturity
(dollars in thousands)	Value		Value		Interest Rate	Rate		Date	Call Date
Subordinated notes payable	$	50,000	$	49,609	Fixed	5.75	%	12/30/2025	12/30/2020
Junior subordinated debenture (Trust I)		4,000		3,390	Three-month LIBOR + 3.10%	5.21	%	6/26/2033	6/26/2008
Junior subordinated debenture (Trust II)		6,000		5,086	Three-month LIBOR + 1.80%	3.92	%	9/15/2036	9/15/2011
Finance lease liability		2,700		690	Fixed	7.81	%	10/31/2022	N/A
Total long-term debt	$	62,700	$	58,775

	December 31, 2018
						Period End
	Face		Carrying			Interest		Maturity
(dollars in thousands)	Value		Value		Interest Rate	Rate		Date	Call Date
Subordinated notes payable	$	50,000	$	49,562	Fixed	5.75	%	12/30/2025	12/30/2020
Junior subordinated debenture (Trust I)		4,000		3,357	Three-month LIBOR + 3.10%	5.92	%	6/26/2033	6/26/2008
Junior subordinated debenture (Trust II)		6,000		5,035	Three-month LIBOR + 1.80%	4.59	%	9/15/2036	9/15/2011
Obligations under capital lease		2,700		870	Fixed	7.81	%	10/31/2022	N/A
Total long-term debt	$	62,700	$	58,824