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Junior Subordinated Debentures
6 Months Ended
Jun. 30, 2012
Junior Subordinated Debentures [Abstract]  
JUNIOR SUBORDINATED DEBENTURES

(6) JUNIOR SUBORDINATED DEBENTURES

The following is a summary of the Junior Subordinated Debentures:

                             
    June 30,
2012
    December 31,
2011
           

Issue

  Amount     Amount     Rate   Maturity  
    (Dollars in thousands)  

BFC II

  $ 26,804     $ 26,804     7.20%     03/31/2034  

UNST I

    —         2,062     3 month LIBOR + 1.65%     03/15/2036  

FBCST I

    —         7,217     3 month LIBOR + 2.85%     12/17/2033  
   

 

 

   

 

 

             

Total

  $ 26,804     $ 36,083              
   

 

 

   

 

 

             

Refer to Note (11) in BancFirst Corporation’s Annual Report on Form 10-K for the year ended December 31, 2011, for further disclosures related to Junior Subordinated Debentures.

On June 15, 2012, BancFirst Corporation redeemed the Union National Statutory Trust I (“UNST I”) Junior Subordinated Debentures at par value.

On June 18, 2012, BancFirst Corporation redeemed the FBC Financial Corp. Statutory Trust I (“FBCST I”) Junior Subordinated Debentures at par value.