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Long-Term Debt | 3 Months Ended
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Mar. 31, 2020
Long-Term Debt. |
Long-Term Debt | NOTE 10 Long‑Term Debt Long‑term debt as of March 31, 2020 and December 31, 2019 consisted of the following:
|  | 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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- References No definition available. + Details
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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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