TRUST PREFERRED DEBENTURES (Tables)

12 Months Ended

Dec. 31, 2020

The following table summarizes the Company’s trust preferred debentures at December 31, 2020 and 2019:


(dollars in thousands)	2020		2019
Midland States Preferred Securities Trust – variable interest rate equal to LIBOR plus 2.75%, which was 2.96% and 4.68% at December 31, 2020 and 2019, respectively – $10,310 maturing April 23, 2034	$	10,276	$	10,274
Grant Park Statutory Trust I – variable interest rate equal to LIBOR plus 2.85%, which was 3.06% and 4.79%, at December 31, 2020 and 2019, respectively – $3,093 maturing January 23, 2034	2,314		2,263
Love Savings/Heartland Capital Trust III – variable interest rate equal to LIBOR plus 1.75%, which was 1.97% and 3.64% at December 31, 2020 and 2019, respectively – $20,619 maturing December 31, 2036	14,442		14,251
Love Savings/Heartland Capital Trust IV – variable interest rate equal to LIBOR plus 1.47%, which was 1.70% and 3.36% at December 31, 2020 and 2018, respectively – $20,619 maturing September 6, 2037	13,621		13,428
Centrue Statutory Trust II - variable interest rate equal to LIBOR plus 2.65%, which was 2.88% and 4.55% at December 31, 2020 and 2018, respectively - $10,310 maturing June 17, 2034	8,161		8,072
Total trust preferred debentures	$	48,814	$	48,288