The table below summarizes the outstanding junior subordinated debentures and the related trust preferred securities issued by each trust as of December 31, 2012:


	December 31, 2012
	VNB	GCB	State Bancorp	State Bancorp
	Capital Trust I	Capital Trust III	Capital Trust I	Capital Trust II
	($ in thousands)
Junior Subordinated Debentures:
Carrying value ⁽¹⁾	$147,595	$25,051	$8,324	$7,552
Contractual principal balance	$146,715	$24,743	$10,310	$10,310
Annual interest rate ⁽²⁾	7.75%	6.96%	3-month LIBOR + 3.45%	3-month LIBOR + 2.85%
Stated maturity date	December 15, 2031	July 30, 2037	November 7, 2032	January 23, 2034
Initial call date	November 7, 2006	July 30, 2017	November 7, 2007	January 23, 2009
Trust Preferred Securities:
Face value	$142,313	$24,000	$10,000	$10,000
Annual distribution rate ⁽²⁾	7.75%	6.96%	3-month LIBOR + 3.45%	3-month LIBOR + 2.85%
Issuance date	November 7, 2001	July 2, 2007	October 29, 2002	December 19, 2003
Distribution dates ⁽³⁾	Quarterly	Quarterly	Quarterly	Quarterly

⁽¹⁾	The carrying value for GCB Capital Trust II includes an unamortized purchase accounting premium of $308 thousand, and the carrying values for State Bancorp Capital Trust I and State Bancorp Capital Trust II include purchase accounting discounts of $2.0 million and $2.8 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 GCB Capital Trust III, State Bancorp Capital Trust I, and State Bancorp Capital Trust II excludes the effect of the purchase accounting adjustments.

⁽³⁾	All cash distributions are cumulative.