XML 78 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Junior Subordinated Debentures Issued To Capital Trusts (Tables)
 12 Months Ended
Dec. 31, 2011
Junior Subordinated Debentures Issued To Capital Trusts [Abstract]  
Schedule Of Outstanding Junior Subordinated Debentures And The Related Trust Preferred Securities Issued By Each Trust
     December 31, 2011  
     VNB Capital
Trust I		     GCB Capital
Trust III		  
     ($ in thousands)  

Junior Subordinated Debentures:

     

Carrying value (1)

   $ 160,478      $ 25,120   

Contractual principal balance

    $ 157,024      $ 24,743   

Annual interest rate (2)

     7.75 %      6.96 % 

Stated maturity date

      December 15, 2031        July 30, 2037   

Initial call date

      November 7, 2006        July 30, 2017   

Trust Preferred Securities:

     

Face value

    $ 152,313      $ 24,000   

Annual distribution rate (2)

     7.75 %      6.96 % 

Issuance date

      November 2001        July 2007   

Distribution dates (3)

     Quarterly        Quarterly   

(1)

The carrying value for GCB Capital Trust III includes an unamortized purchase accounting premium of $377 thousand.

(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 excludes the effect of the purchase accounting adjustments.

(3) 

All cash distributions are cumulative.