The table below summarizes the outstanding junior subordinated debentures and the related trust preferred securities issued by each trust as of December 31, 2013:


	December 31, 2013
	GCB	State Bancorp	State Bancorp
	Capital Trust III	Capital Trust I	Capital Trust II
Junior Subordinated Debentures:
Carrying value ⁽¹⁾	$24,982	$8,424	$7,683
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 $239 thousand, and the carrying values for State Bancorp Capital Trust I and State Bancorp Capital Trust II include purchase accounting discounts of $1.9 million and $2.6 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.