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Long-Term Debt (Tables) | 3 Months Ended
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Mar. 31, 2020
Long-Term Debt. |
Schedule of long-term debt |
|  | March 31, 2020
|  |  |  |  |  |  |  |  |  | Period End |  |  |  |
|  | Face |  | Carrying |  |  |  | Interest |  | Maturity |  |
(dollars in thousands) |  | Value |  | Value |  | Interest Rate |  | Rate |  | Date |  | Call Date
Subordinated notes payable |  | $ | 50,000 |  | $ | 49,641 |  | Fixed |  | 5.75 | % | 12/30/2025 |  | 12/30/2020
Junior subordinated debenture (Trust I) |  |  | 4,124 |  |  | 3,413 |  | Three-month LIBOR + 3.10% |  | 4.33 | % | 6/26/2033 |  | 6/26/2008
Junior subordinated debenture (Trust II) |  |  | 6,186 |  |  | 5,119 |  | Three-month LIBOR + 1.80% |  | 2.54 | % | 9/15/2036 |  | 9/15/2011
Finance lease liability |  |  | 2,700 |  |  | 589 |  | Fixed |  | 7.81 | % | 10/31/2022 |  | N/A
Total long-term debt |  | $ | 63,010 |  | $ | 58,762 |  |  |  |  |  |  |  |
|  | December 31, 2019
|  |  |  |  |  |  |  |  |  | Period End |  |  |  |
|  | Face |  | Carrying |  |  |  | Interest |  | Maturity |  |
(dollars in thousands) |  | Value |  | Value |  | Interest Rate |  | Rate |  | Date |  | Call Date
Subordinated notes payable |  | $ | 50,000 |  | $ | 49,625 |  | Fixed |  | 5.75 | % | 12/30/2025 |  | 12/30/2020
Junior subordinated debenture (Trust I) |  |  | 4,124 |  |  | 3,402 |  | Three-month LIBOR + 3.10% |  | 5.05 | % | 6/26/2033 |  | 6/26/2008
Junior subordinated debenture (Trust II) |  |  | 6,186 |  |  | 5,102 |  | Three-month LIBOR + 1.80% |  | 3.69 | % | 9/15/2036 |  | 9/15/2011
Finance lease liability |  |  | 2,700 |  |  | 640 |  | Fixed |  | 7.81 | % | 10/31/2022 |  | N/A
Total long-term debt |  | $ | 63,010 |  | $ | 58,769 |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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