The table below summarizes the outstanding junior subordinated debentures and the related trust preferred securities issued by each trust as of December 31, 2015:



	December 31, 2015
	GCB Capital Trust III			State Bancorp Capital Trust I		State Bancorp Capital Trust II
	($ in thousands)
Junior Subordinated Debentures:
Carrying value ⁽¹⁾	$	24,846		$	8,624	$	7,944
Contractual principal balance	$	24,743		$	10,310	$	10,310
Annual interest rate ⁽²⁾	6.96		%	3-month LIBOR + 3.45%		3-month LIBOR + 2.85%
Stated maturity date	July 30, 2037			November 7, 2032		January 23, 2034
Initial call date	July 30, 2017			November 7, 2007		January 23, 2009
Trust Preferred Securities:
Face value	$	24,000		$	10,000	$	10,000
Annual distribution rate ⁽²⁾	6.96		%	3-month LIBOR + 3.45%		3-month LIBOR + 2.85%
Issuance date	July 2, 2007			October 29, 2002		December 19, 2003
Distribution dates ⁽³⁾	Quarterly			Quarterly		Quarterly


(1)	The carrying value for GCB Capital Trust III includes an unamortized purchase accounting premium of $103 thousand, and the carrying values for State Bancorp Capital Trust I and State Bancorp Capital Trust II include purchase accounting discounts of $1.7 million and $2.4 million, respectively.


(2)	Interest on GCB Capital Trust III is fixed until July 30, 2017, then resets to 3-month LIBOR plus 1.4 percent. The annual interest rate for all of the junior subordinated debentures and related trust preferred securities excludes the effect of the purchase accounting adjustments.


(3)	All cash distributions are cumulative.