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Subordinated Debentures (Tables)
 12 Months Ended
Dec. 31, 2013
Subordinated Borrowings [Abstract]  
Summary of Trust Preferred Securities and Debentures
The following table is a summary of trust preferred securities and debentures at December 31, 2013:
 
Issuance Trust

Issuance
Date

Trust
Preferred
Security
Amount

Subordinated
Debentures
Amount

Rate
Type

Initial
Rate

Coupon Rate at
December 31, 2013

Maturity
Date
 
 
 
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
Nara Capital Trust III

6/5/2003

$
5,000


$
5,155


Variable

4.44
%

3.39
%

6/15/2033
Nara Statutory Trust IV

12/22/2003

5,000


5,155


Variable

4.02
%

3.09
%

1/7/2034
Nara Statutory Trust V

12/17/2003

10,000


10,310


Variable

4.12
%

3.19
%

12/17/2033
Nara Statutory Trust VI

3/22/2007

8,000


8,248


Variable

7.00
%

1.89
%

6/15/2037
Center Capital Trust I

12/30/2003

18,000


13,130


Variable

4.01
%

3.09
%
(1) 
1/7/2034
Foster Capital Trust I
 
7/8/2005
 
15,000

 
15,412

 
Variable
 
1.70
%
 
1.94
%
(2) 
7/8/2035
TOTAL ISSUANCE



$
61,000


$
57,410









(1) 
The Center Capital Trust I trust preferred security was assumed in the merger. The remaining discount was $5.4 million at December 31, 2013 and the effective rate of the security, including the effect of the discount accretion, was 5.31% at December 31, 2013.
(2) 
The Foster Capital Trust I trust preferred security was assumed in the merger with Foster. The remaining discount was $52 thousand at December 31, 2013 and the effective rate of the security, including the effect of the discount accretion, was 3.49% at December 31, 2013.