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Junior Subordinated Debentures (Tables)
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of weighted average rate of junior subordinated debentures The following table presents the weighted average rate of the junior subordinated debentures for the periods indicated:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2020201920202019
Weighted average rate (1)
3.75 %6.43 %4.51 %6.72 %
(1)The weighted average rate includes the accretion of the discount established at the merger date which is amortized over the life of the trust preferred securities.