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Subordinated Debentures and Convertible Notes (Tables)

6 Months Ended

Jun. 30, 2019

Subordinated Borrowings [Abstract]

Summary of Trust Preferred Securities and Debentures

The following table is a summary of trust preferred securities and Debentures at June 30, 2019:

Issuance Trust		Issuance Date		Trust Preferred Security Amount				Carrying Value of Debentures				Rate Type		Current Rate		Maturity Date
				(Dollars in thousands)
Nara Capital Trust III		06/05/2003		$	5,000			$	5,155			Variable		5.56%		06/15/2033
Nara Statutory Trust IV		12/22/2003		5,000				5,155				Variable		5.45%		01/07/2034
Nara Statutory Trust V		12/17/2003		10,000				10,310				Variable		5.36%		12/17/2033
Nara Statutory Trust VI		03/22/2007		8,000				8,248				Variable		4.06%		06/15/2037
Center Capital Trust I		12/30/2003		18,000				14,128				Variable		5.45%		01/07/2034
Wilshire Trust II		03/17/2005		20,000				15,634				Variable		4.20%		03/17/2035
Wilshire Trust III		09/15/2005		15,000				11,041				Variable		3.81%		09/15/2035
Wilshire Trust IV		07/10/2007		25,000				17,899				Variable		3.79%		09/15/2037
Saehan Capital Trust I		03/30/2007		20,000				14,907				Variable		3.94%		06/30/2037
Total				$	126,000			$	102,477

Convertible Debt

The value of the convertible note at issuance and carrying value as of June 30, 2019 and December 31, 2018 is presented in the tables below:

								As of June 30, 2019
		Amortization/ Capitalization Period		Gross Carrying Amount				Accumulated Amortization / Capitalization				Carrying Amount
				(Dollars in thousands)
Convertible notes principal balance				$	217,500			$	—			$	217,500
Discount		5 years		(21,880		)		4,580				(17,300		)
Issuance costs to be capitalized		5 years		(4,119		)		896				(3,223		)
Carrying balance of convertible notes				$	191,501			$	5,476			$	196,977

								As of December 31, 2018
		Amortization/ Capitalization Period		Gross Carrying Amount				Accumulated Amortization / Capitalization				Carrying Amount
				(Dollars in thousands)
Convertible notes principal balance				$	217,500			$	—			$	217,500
Discount		5 years		(21,880		)		2,544				(19,336		)
Issuance costs to be capitalized		5 years		(4,119		)		498				(3,621		)
Carrying balance of convertible notes				$	191,501			$	3,042			$	194,543

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- Definition

Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components.

+ References

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- Definition

Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822

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