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Long-Term Debt and Other Borrowed Funds | 12 Months Ended
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Dec. 31, 2017
Debt Disclosure [Abstract] |
Long-Term Debt and Other Borrowed Funds | LONG-TERM DEBT AND OTHER BORROWED FUNDS A summary of long-term debt follows:
December 31, | 2017 |  | 2016
Parent Company: |  |  |
6.81% subordinated term loan maturing January 9, 2018, principal due at maturity, interest payable quarterly | $ | — |  |  | $ | 20.0 |
Subsidiaries: |  |  |
8.00% capital lease obligation with term ending October 25, 2029 | 1.4 |  |  | 1.5 |
6.24% note payable maturing September 6, 2032, principal due at maturity, interest payable monthly | 1.6 |  |  | 1.5 |
2.28% note payable maturing July 29, 2022, principal due at maturity, interest payable monthly | 5.0 |  |  | 5.0 |
1.00% note payable maturing December 31, 2041, interest only payable quarterly until December 31, 2025 and then principal and interest until maturity | 5.1 |  |  | — |
Total long-term debt | $ | 13.1 |  |  | $ | 28.0 |
Maturities of long-term debt at December 31, 2017 are as follows: |  |  |
2018 |  |  | $ | 0.1 |
2019 |  |  | 0.1 |
2020 |  |  | 0.1 |
2021 |  |  | 0.1 |
2022 |  |  | 5.1 |
Thereafter |  |  | 7.6 |
Total |  |  | $ | 13.1 |
On January 10, 2008, the Company borrowed $20.0 million on a 6.81% unsecured subordinated term loan maturing January 9, 2018, with interest payable quarterly and principal due at maturity. As the maturity of the debt is under one year, the balance was reclassified to other borrowed funds as of December 31, 2017. On January 8, 2018, the Company paid $20.0 million to redeem in full the principal and interest related to the 6.81% unsecured subordinated term loan. The Company has available lines of credit with the FHLB of approximately $1,313.3 million, subject to collateral availability. As of December 31, 2017 and 2016, there were no long or short-term advances outstanding with the FHLB. The Company has a capital lease obligation on a banking office. The balance of the obligation was $1.4 million and $1.5 million as of December 31, 2017 and 2016, respectively. Assets acquired under capital lease, consisting solely of a building and leasehold improvements, are included in premises and equipment and are subject to depreciation. In conjunction with acquisitions in 2014, the Company assumed a 6.24% fixed rate unsecured note payable related to a new markets tax credit. The note payable matures on September 6, 2032, with interest payable monthly and principal due at maturity. The balance of the obligation was $1.6 million and $1.5 million as of December 31, 2017 and 2016, respectively. The note is collateralized by the Company's equity interest in ONE Sub-CDE, LLC, a CDE owned 99.9% by the Company. On January 29, 2015, the Company borrowed $5.0 million on a 2.28% note payable maturing July 29, 2022, with interest payable monthly and principal due at maturity. The note is collateralized by the Company's equity interest in Universal Sub CDE, LLC, a CDE owned 99.9% by the Company. On November 16, 2017, the Company borrowed $5.1 million on a 1.00% fixed rate note payable maturing on December 31, 2041, with interest only, payable quarterly, until December 31, 2025 and then principal and interest payable until maturity. The note is collateralized by the Company's equity interest in BFCC Sub CDE, LLC, a CDE owned 99.9% by the Company. The Company had other borrowed funds of $20.01 million and $0.01 million as of December 31, 2017 and 2016, respectively, consisting of demand notes issued to the United States Treasury, secured by investment securities and bearing no interest, and unsecured subordinated term loans in 2017. The Company has federal funds lines of credit with third parties amounting to $185.0 million, subject to funds availability. These lines are subject to cancellation without notice. The Company also has a line of credit with the Federal Reserve Bank for borrowings up to $464.8 million secured by a blanket pledge of indirect consumer loans.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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