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Junior Subordinated Deferrable Interest Debentures (Tables)
12 Months Ended
Dec. 31, 2015
Junior Subordinated Interest Deferrable Debentures  
Junior subordinated deferrable interest debentures, major types of business trusts

The following table illustrates key information about each of the Debentures and their interest rates at December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Junior

    

 

    

 

    

 

 

 

    

 

    

 

 

 

Subordinated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferrable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

Repricing

 

Interest

 

Interest

 

 

 

Optional

 

 

Debentures

 

Frequency

 

Rate

 

Rate Index(1)

 

Maturity Date

 

Redemption Date(1)

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Trust VI

 

$

25,774

 

Quarterly

 

3.81

%  

LIBOR

+

3.45

 

November 2032

 

February 2008

Trust VIII

 

 

25,774

 

Quarterly

 

3.37

%  

LIBOR

+

3.05

 

October 2033

 

October 2008

Trust IX

 

 

41,238

 

Quarterly

 

1.95

%  

LIBOR

+

1.62

 

October 2036

 

October 2011

Trust X

 

 

21,021

 

Quarterly

 

1.98

%  

LIBOR

+

1.65

 

February 2037

 

February 2012

Trust XI

 

 

26,990

 

Quarterly

 

1.95

%  

LIBOR

+

1.62

 

July 2037

 

July 2012

Trust XII

 

 

20,619

 

Quarterly

 

1.86

%  

LIBOR

+

1.45

 

September 2037

 

September 2012

 

 

$

161,416

 

 

 

 

 

 

 

 

 

 

 

 

 


The Capital Securities may be redeemed in whole or in part on any interest payment date after the Optional Redemption Date.