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v3.22.2.2

Subordinated Debentures and Convertible Notes (Tables) | 9 Months Ended
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Sep. 30, 2022
Subordinated Borrowings [Abstract] |
Summary of Trust Preferred Securities and Debentures | The following table is a summary of trust preferred securities and Debentures at September 30, 2022:
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 |  | 6.443% |  | 06/15/2033
Nara Statutory Trust IV |  | 12/22/2003 |  | 5,000 |  |  | 5,155 |  |  | Variable |  | 5.362% |  | 01/07/2034
Nara Statutory Trust V |  | 12/17/2003 |  | 10,000 |  |  | 10,310 |  |  | Variable |  | 6.477% |  | 12/17/2033
Nara Statutory Trust VI |  | 03/22/2007 |  | 8,000 |  |  | 8,248 |  |  | Variable |  | 4.943% |  | 06/15/2037
Center Capital Trust I |  | 12/30/2003 |  | 18,000 |  |  | 14,874 |  |  | Variable |  | 5.362% |  | 01/07/2034
Wilshire Trust II |  | 03/17/2005 |  | 20,000 |  |  | 16,375 |  |  | Variable |  | 5.317% |  | 03/17/2035
Wilshire Trust III |  | 09/15/2005 |  | 15,000 |  |  | 11,671 |  |  | Variable |  | 4.693% |  | 09/15/2035
Wilshire Trust IV |  | 07/10/2007 |  | 25,000 |  |  | 18,856 |  |  | Variable |  | 4.673% |  | 09/15/2037
Saehan Capital Trust I |  | 03/30/2007 |  | 20,000 |  |  | 15,614 |  |  | Variable |  | 5.294% |  | 06/30/2037
Total |  |  |  | $ | 126,000 |  |  | $ | 106,258 |  |  |  |  |  |  |
Convertible Debt | The value of the convertible notes at issuance and the carrying value as of September 30, 2022 and December 31, 2021 are presented in the tables below:
|  |  |  |  |  | September 30, 2022
|  | Capitalization Period |  | Gross Carrying Amount |  | Total Capitalization |  | Carrying Amount
|  |  |  | (Dollars in thousands)
Convertible notes principal balance |  |  |  | $ | 217,500 |  |  |  |  | $ | 217,500 |
Issuance costs to be capitalized |  | 5 years |  | (4,119) |  |  | $ | 3,532 |  |  | (587) |
Carrying balance of convertible notes |  |  |  | $ | 213,381 |  |  | $ | 3,532 |  |  | $ | 216,913 |
|  |  |  |  |  | December 31, 2021
|  | Capitalization Period |  | Gross Carrying Amount |  | Total Capitalization |  | Carrying Amount
|  |  |  | (Dollars in thousands)
Convertible notes principal balance |  |  |  | $ | 217,500 |  |  |  |  | $ | 217,500 |
Issuance costs to be capitalized |  | 5 years |  | (4,119) |  |  | $ | 2,828 |  |  | (1,291) |
Carrying balance of convertible notes |  |  |  | $ | 213,381 |  |  | $ | 2,828 |  |  | $ | 216,209 |

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- Definition Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount. + References No definition available. + Details
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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 https://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
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- References No definition available. + Details
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