XML 64 R53.htm IDEA: XBRL DOCUMENT v3.7.0.1
Junior Subordinated Debenture (Details Narrative)
$ in Thousands
3 Months Ended
Mar. 31, 2017
USD ($)
Debt Disclosure [Abstract]  
Junior subordinated debenture - face amount $ 5,155
Debt Instrument Interest Rate Stated 6.40%
Debenture term 30 years
Debt interest rate terms

The interest rate was fixed at 6.4% for the first five years, and thereafter, the coupon rate floats quarterly at the three-month LIBOR rate plus 2.45% (3.45% at March 31, 2017).

Variable rate basis description

three-month LIBOR rate plus 2.45%

Basis spread on variable rate 2.45%
Effective interest rate 3.45%
Deferred interest payments on debenture $ 1,200,318