Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Long-Term Debt.

Schedule of long-term debt

	September 30, 2020
						Period End
	Face		Carrying			Interest		Maturity
(dollars in thousands)	Value		Value		Interest Rate	Rate		Date	Call Date
Subordinated notes payable	$	50,000	$	49,672	Fixed	5.75	%	12/30/2025	12/30/2020
Junior subordinated debenture (Trust I)		4,124		3,436	Three-month LIBOR + 3.10%	3.33	%	6/26/2033	6/26/2008
Junior subordinated debenture (Trust II)		6,186		5,153	Three-month LIBOR + 1.80%	2.05	%	9/15/2036	9/15/2011
Finance lease liability		2,700		484	Fixed	7.81	%	10/31/2022	N/A
Total long-term debt	$	63,010	$	58,745

	December 31, 2019
						Period End
	Face		Carrying			Interest		Maturity
(dollars in thousands)	Value		Value		Interest Rate	Rate		Date	Call Date
Subordinated notes payable	$	50,000	$	49,625	Fixed	5.75	%	12/30/2025	12/30/2020
Junior subordinated debenture (Trust I)		4,124		3,402	Three-month LIBOR + 3.10%	5.05	%	6/26/2033	6/26/2008
Junior subordinated debenture (Trust II)		6,186		5,102	Three-month LIBOR + 1.80%	3.69	%	9/15/2036	9/15/2011
Finance lease liability		2,700		640	Fixed	7.81	%	10/31/2022	N/A
Total long-term debt	$	63,010	$	58,769