BORROWINGS, SUBORDINATED DEBENTURES AND BROKERED DEPOSITS (Tables)

9 Months Ended

Sep. 30, 2013

BORROWINGS, SUBORDINATED DEBENTURES AND BROKERED DEPOSITS

Summary of the terms of each issuance of the subordinated debentures outstanding

	September 30, 2013						December 31, 2012
												Date Issued		Maturity Date			Next Reset Date
Series	Amount			Rate(1)			Amount		Rate(2)							Rate Index
	(Dollars in thousands)
Trust V	$	10,310			3.35	%	$	10,310		3.41	%		8/15/03		9/17/33	3 month LIBOR + 3.10		12/13/13
Trust VI		10,310			3.30	%		10,310		3.36	%		9/3/03		9/15/33	3 month LIBOR + 3.05		12/12/13
Trust CII		5,155			3.20	%		5,155		3.26	%		9/17/03		9/17/33	3 month LIBOR + 2.95		12/13/13
Trust VII		61,856			2.99	%		61,856		3.05	%		2/5/04		4/23/34	3 month LIBOR + 2.75		1/28/14
Trust CIII		20,619			1.94	%		20,619		2.00	%		8/15/05		9/15/35	3 month LIBOR + 1.69		12/12/13
Trust FCCI(3)		16,495			1.85	%		—		—			1/25/07		3/15/37	3 month LIBOR + 1.60		12/12/13
Trust FCBI(3)		10,310			1.80	%		—		—			9/30/05		12/15/35	3 month LIBOR + 1.55		12/12/13
Gross subordinated debentures		135,055						108,250
Unamortized discount(4)		(2,555	)					—
Net subordinated debentures	$	132,500					$	108,250

(1)

As of October 28, 2013.

(2)

As of January 28, 2013.

(3)

Acquired in the FCAL acquisition.

(4)

Amount represents the fair value adjustment on trusts acquired in the FCAL acquisition.