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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Summary of Capital Structure

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

Common Stock

 

September 30, 2018

 

 

December 31, 2017

 

Shares authorized

 

 

50,000,000

 

 

 

50,000,000

 

Shares issued

 

 

26,383,763

 

 

 

20,912,396

 

Treasury shares

 

 

(104,002

)

 

 

(91,951

)

Shares outstanding

 

 

26,279,761

 

 

 

20,820,445

 

Par value per share

 

$

0.01

 

 

$

0.01

 

Preferred Stock

 

 

Series A

 

 

Series B

 

(Dollars in thousands, except per share amounts)

 

September 30, 2018

 

 

December 31, 2017

 

 

September 30, 2018

 

 

December 31, 2017

 

Shares authorized

 

 

50,000

 

 

 

50,000

 

 

 

115,000

 

 

 

115,000

 

Shares issued

 

 

45,500

 

 

 

45,500

 

 

 

51,076

 

 

 

51,076

 

Shares outstanding

 

 

45,500

 

 

 

45,500

 

 

 

51,076

 

 

 

51,076

 

Par value per share

 

$

0.01

 

 

$

0.01

 

 

$

0.01

 

 

$

0.01

 

Liquidation preference per share

 

$

100

 

 

$

100

 

 

$

100

 

 

$

100

 

Liquidation preference amount

 

$

4,550

 

 

$

4,550

 

 

$

5,108

 

 

$

5,108

 

Dividend rate

 

Prime + 2%

 

 

Prime + 2%

 

 

 

8.00

%

 

 

8.00

%

Dividend rate - floor

 

 

8.00

%

 

 

8.00

%

 

N/A

 

 

N/A

 

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