Junior Subordinated Debentures Issued to Capital Trusts (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Outstanding Junior Subordinated Debentures and Related Trust Preferred Securities Issued by Each Trust

The table below summarizes the outstanding callable junior subordinated debentures and the related trust preferred securities issued by each trust as of December 31, 2025 and 2024:


	GCB Capital Trust III		State Bancorp Capital Trust I		State Bancorp Capital Trust II		Aliant Statutory Trust II
	($ in thousands)
Junior Subordinated Debentures:
December 31, 2025
Carrying value (1)	$	24,743	$	9,625	$	9,253	$	14,182
Contractual principal balance	24,743		10,310		10,310		15,464
Annual interest rate (2)	3-mo. SOFR + spread adj.+1.4%		3-mo. SOFR + spread adj.+ 3.45%		3-mo. SOFR + spread adj.+2.85%		3-mo.SOFR + spread adj.+1.8%
December 31, 2024
Carrying value (1)	$	24,743	$	9,525	$	9,122	$	14,065
Contractual principal balance	24,743		10,310		10,310		15,464
Annual interest rate	3-mo. SOFR + spread adj.+1.4%		3-mo. SOFR + spread adj.+3.45%		3-mo. SOFR + spread adj.+2.85%		3-mo. SOFR+spread adj.+1.8%
Stated maturity date	July 30, 2037		November 7, 2032		January 23, 2034		December 15, 2036

Trust Preferred Securities:
December 31, 2025 and 2024
Face value	$	24,000	$	10,000	$	10,000	$	15,000
Annual distribution rate(2)	3-mo. SOFR+spread adj.+ 1.4%		3-mo. SOFR+ spread adj.+ 3.45%		3-mo. SOFR+ spread adj.+2.85%		3-mo. SOFR+ spread adj.+1.8%

Issuance date	July 2, 2007		October 29, 2002		December 19, 2003		December 14, 2006
Distribution dates (3)	Quarterly		Quarterly		Quarterly		Quarterly

(1)The carrying values include unamortized purchase accounting adjustments at December 31, 2025 and 2024.

(2)The 3-month Term SOFR rate is adjusted for the 0.26161 percent spread.

(3)All cash distributions are cumulative.