Junior Subordinated Debt (Tables)

9 Months Ended

Sep. 30, 2018

Trust Preferred Capital Notes [Abstract]

Schedule of junior subordinated debt securities outstanding payable

A description of the junior subordinated debt securities outstanding payable to the trusts is shown below as of September 30, 2018 and December 31, 2017 (dollars in thousands):

Issuing Entity

Date Issued

Interest Rate

Maturity Date

Principal Amount

September 30, 2018

December 31, 2017

AMNB Trust I

4/7/2006

Libor plus

1.35%

6/30/2036

20,619

MidCarolina Trust I

10/29/2002

Libor plus

3.45%

11/7/2032

4,363

4,322

MidCarolina Trust II

12/3/2003

Libor plus

2.95%

10/7/2033

2,920

2,885

27,902

27,826

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details