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v3.23.3

Long-Term Debt | 9 Months Ended
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Sep. 30, 2023
Long-Term Debt. |
Long-Term Debt | NOTE 10 Long-Term Debt Long-term debt as of September 30, 2023 and December 31, 2022 consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 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 | ​ | ​ | 3,571 |  | Three-month CME SOFR + 0.26% + 3.10% | ​ | 8.76 | % | 6/26/2033 |  | 6/26/2008
Junior subordinated debenture (Trust II) | ​ |  | 6,186 | ​ |  | 5,357 |  | Three-month CME SOFR + 0.26% + 1.80% | ​ | 7.47 | % | 9/15/2036 |  | 9/15/2011
Total long-term debt | ​ | $ | 60,310 | ​ | $ | 58,928 |  |  |  |  |  |  |  |
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 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 | ​ |  | 3,537 |  | Three-month LIBOR + 3.10% | ​ | 7.82 | % | 6/26/2033 |  | 6/26/2008
Junior subordinated debenture (Trust II) | ​ |  | 6,186 | ​ |  | 5,306 |  | Three-month LIBOR + 1.80% | ​ | 6.57 | % | 9/15/2036 |  | 9/15/2011
Total long-term debt | ​ | $ | 60,310 | ​ | $ | 58,843 |  |  |  |  |  |  |  |
​

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//470/tableOfContent + Details
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