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Equity and Noncontrolling Interests (Tables)
9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Summary of Capital Structure

The following summarizes the capital structure of Triumph Bancorp, Inc.

 

 

 

Preferred Stock

 

 

Common Stock

 

 

Treasury Stock

 

 

 

Series A

 

 

Series B

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September

2014

 

 

December

2013

 

 

September

2014

 

 

December

2013

 

 

September

2014

 

 

December

2013

 

 

September

2014

 

 

December

2013

 

Number of shares authorized

 

 

50,000

 

 

 

50,000

 

 

 

115,000

 

 

 

115,000

 

 

 

50,000,000

 

 

 

50,000,000

 

 

 

 

 

 

 

 

 

Number of shares issued

 

 

45,500

 

 

 

45,500

 

 

 

51,956

 

 

 

51,956

 

 

 

9,891,424

 

 

 

9,832,585

 

 

 

 

 

 

 

 

 

Number of shares outstanding

 

 

45,500

 

 

 

45,500

 

 

 

51,956

 

 

 

51,956

 

 

 

9,886,778

 

 

 

9,832,585

 

 

 

4,646

 

 

 

 

Par value per share

 

$

0.01

 

 

$

0.01

 

 

$

0.01

 

 

$

0.01

 

 

$

0.01

 

 

$

0.01

 

 

 

 

 

 

 

 

 

Liquidation preference per share

 

$

100

 

 

$

100

 

 

$

100

 

 

$

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividend rate

 

Prime + 2%

 

 

Prime + 2%

 

 

 

8.00

%

 

 

8.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividend rate - floor

 

 

8.00

%

 

 

8.00

%

 

 

8.00

%

 

 

8.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Initial dividend payment date

 

3/31/2013

 

 

3/31/2013

 

 

12/31/2013

 

 

12/31/2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subsequent dividend payment dates

 

Quarterly

 

 

Quarterly

 

 

Quarterly

 

 

Quarterly

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible to common stock

 

Yes

 

 

Yes

 

 

Yes

 

 

Yes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conversion period

 

Anytime

 

 

Anytime

 

 

Anytime

 

 

Anytime

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conversion ratio - preferred to common

 

6.94008

 

 

6.94008

 

 

6.94008

 

 

6.94008