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Long-term Debt Long-term Obligations (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
 
June 30,
2019
 
December 31,
2018
 
(in thousands)
Subordinated notes: (1)
 
 
 
5.50% Subordinated Notes, net of unamortized debt issuance costs (2)
$
98,490

 
$
98,407

Total Subordinated notes
98,490

 
98,407

Trust preferred subordinated debentures: (3)
 
 
 
Southside Statutory Trust III, net of unamortized debt issuance costs (4)
20,556

 
20,554

Southside Statutory Trust IV
23,196

 
23,196

Southside Statutory Trust V
12,887

 
12,887

Magnolia Trust Company I
3,609

 
3,609

Total Trust preferred subordinated debentures
60,248

 
60,246

Total Long-term debt
$
158,738

 
$
158,653


(1)
This debt consists of subordinated notes with a remaining maturity greater than one year that qualify under the risk-based capital guidelines as Tier 2 capital, subject to certain limitations.
(2)
The unamortized discount and debt issuance costs reflected in the carrying amount of the subordinated notes totaled approximately $1.5 million at June 30, 2019 and $1.6 million at December 31, 2018.
(3)
This debt consists of trust preferred securities that qualify under the risk-based capital guidelines as Tier 1 capital, subject to certain limitations.
(4)
The unamortized debt issuance costs reflected in the carrying amount of the Southside Statutory Trust III junior subordinated debentures totaled $63,000 at June 30, 2019 and $65,000 at December 31, 2018.
Schedule of Subordinated Borrowing [Table Text Block]
As of June 30, 2019, the details of the subordinated notes and the trust preferred subordinated debentures are summarized below (dollars in thousands):
 
Date Issued
 
Amount Issued
 
Fixed or Floating Rate
 
Interest Rate
 
Maturity Date
5.50% Subordinated Notes
September 19, 2016
 
$
100,000

 
Fixed-to-Floating
 
5.50%
 
September 30, 2026
Southside Statutory Trust III
September 4, 2003
 
$
20,619

 
Floating
 
3 month LIBOR + 2.94%
 
September 4, 2033
Southside Statutory Trust IV
August 8, 2007
 
$
23,196

 
Floating
 
3 month LIBOR + 1.30%
 
October 30, 2037
Southside Statutory Trust V
August 10, 2007
 
$
12,887

 
Floating
 
3 month LIBOR + 2.25%
 
September 15, 2037
Magnolia Trust Company I (1)
October 10, 2007
 
$
3,609

 
Floating
 
3 month LIBOR + 1.80%
 
November 23, 2035
(1)
On October 10, 2007, as part of an acquisition we assumed $3.6 million of floating rate junior subordinated debentures issued in 2005 to Magnolia Trust Company I.