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Long-term Debt | 9 Months Ended
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Sep. 30, 2017
Debt Disclosure [Abstract] |
Long-term Debt | NOTE 9 - LONG-TERM DEBT At September 30, 2017 and December 31, 2016 long-term debt was as follows:
|  | September 30, |  |  | December 31, |
(dollars in thousands) |  | 2017 |  |  | 2016 |
Principal |  | $ | 50,000 |  |  | $ | 50,000 |
Unamortized debt issuance costs |  | $ | 508 |  |  | $ | 617 |
In March 2016, the Company issued $50 million of 6.5% fixed to floating rate subordinated debentures, due March 31, 2026. The interest rate is fixed through March 31, 2021 and floats at 3 month LIBOR plus 516 basis points thereafter. The sub-debt is considered Tier-two capital at the Company. The Company allocated $35 million to the Bank as Tier-one capital.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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