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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Summary of Capital Structure

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

 

  

 

Preferred Stock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Series A

 

 

Series B

 

 

Common Stock

 

 

Treasury Stock

 

 

 

September

 

 

December

 

 

September

 

 

December

 

 

September

 

 

December

 

 

September

 

 

December

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

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

 

 

 

18,153,828

 

 

 

18,052,723

 

 

 

 

 

 

 

 

 

Number of shares outstanding

 

 

45,500

 

 

 

45,500

 

 

 

51,956

 

 

 

51,956

 

 

 

18,106,978

 

 

 

18,018,200

 

 

 

46,850

 

 

 

34,523

 

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

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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