XML 63 R48.htm IDEA: XBRL DOCUMENT v3.22.4
Subordinated Notes and Junior Subordinated Debentures (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Junior Subordinated Debentures by Issuance

At December 31, 2022 and 2021, the Company’s junior subordinated debentures by issuance were as follows:

Name of Trust

 

Aggregate
Principal
Amount
2022

 

 

Aggregate
Principal
Amount
2021

 

 

Stated
Maturity

 

Contractual Rate at December 31, 2022

 

 

Interest Rate Spread

Metropolitan Statutory Trust 1

 

$

35,000

 

 

$

35,000

 

 

March 17, 2034

 

 

7.53

%

 

Three-month LIBOR + 2.79%

First Evanston Bancorp Trust I

 

 

10,000

 

 

 

10,000

 

 

March 15, 2035

 

 

6.55

%

 

Three-month LIBOR + 1.78%

Total liability, at par

 

 

45,000

 

 

 

45,000

 

 

 

 

 

 

 

 

Discount

 

 

(7,662

)

 

 

(8,094

)

 

 

 

 

 

 

 

Total liability, at carrying value

 

$

37,338

 

 

$

36,906