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Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2021
Long-Term Debt.  
Schedule of long-term debt

September 30, 2021

Period End

Face

Carrying

Interest

Maturity

(dollars in thousands)

    

Value

    

Value

    

Interest Rate

    

Rate

    

Date

    

Call Date

Subordinated notes payable

$

50,000

$

50,000

Fixed

3.50

%  

3/30/2031

3/31/2026

Junior subordinated debenture (Trust I)

4,124

3,481

 

Three-month LIBOR + 3.10%

3.23

%  

6/26/2033

 

6/26/2008

Junior subordinated debenture (Trust II)

 

6,186

 

5,221

 

Three-month LIBOR + 1.80%

1.92

%  

9/15/2036

 

9/15/2011

Finance lease liability

 

2,700

 

261

 

Fixed

 

7.81

%  

10/31/2022

 

N/A

Total long-term debt

$

63,010

$

58,963

 

  

 

  

 

  

 

  

December 31, 2020

Period End

Face

Carrying

Interest

Maturity

(dollars in thousands)

    

Value

    

Value

    

Interest Rate

    

Rate

    

Date

    

Call Date

Subordinated notes payable

$

50,000

$

49,688

 

Three-month LIBOR + 4.12%

 

4.36

%  

12/30/2025

 

12/30/2020

Junior subordinated debenture (Trust I)

 

4,124

 

3,447

 

Three-month LIBOR + 3.10%

3.35

%  

6/26/2033

 

6/26/2008

Junior subordinated debenture (Trust II)

 

6,186

 

5,170

 

Three-month LIBOR + 1.80%

2.02

%  

9/15/2036

 

9/15/2011

Finance lease liability

 

2,700

 

430

 

Fixed

 

7.81

%  

10/31/2022

 

N/A

Total long-term debt

$

63,010

$

58,735