LONG-TERM OBLIGATIONS

Long-term obligations at December 31 include:



(Dollars in thousands)	2016			2015
Junior subordinated debenture at 3-month LIBOR plus 1.75 percent maturing June 30, 2036	$	90,207		$	96,392
Junior subordinated debenture at 3-month LIBOR plus 2.25 percent maturing June 15, 2034	24,742			25,774
Junior subordinated debenture at 3-month LIBOR plus 2.85 percent maturing April 7, 2034	10,310			10,310
Subordinated notes payable 8.00 percent June 1, 2018	15,000			15,000
Obligations under capitalized leases extending to July 2026	5,701			9,226
Notes payable to Federal Home Loan Bank of Atlanta with rates ranging from 2.00 percent to 3.58 percent and maturing through August 2024	660,237			510,252
Note payable to the Federal Home Loan Bank of Des Moines with a rate of 4.74 percent and a maturity date of July 2017	—			10,000
Unamortized purchase accounting adjustments	(3,350		)	(2,907		)
Other long-term debt	30,095			30,108
Total long-term obligations	$	832,942		$	704,155

At December 31, 2016, long-term obligations included $125.3 million in junior subordinated debentures representing obligations to FCB/NC Capital Trust III, FCB/SC Capital Trust II, and SCB Capital Trust I, special purpose entities and grantor trusts for $121.5 million of trust preferred securities. FCB/NC Capital Trust III, FCB/SC Capital Trust II and SCB Capital Trust I's (the Trusts) trust preferred securities mature in 2036, 2034 and 2034, respectively, and may be redeemed at par in whole or in part at any time. BancShares has guaranteed all obligations of the Trusts.

Long-term obligations maturing in each of the five years subsequent to December 31, 2016 and thereafter include:



	Year ended December 31
2017	$	3,232
2018	135,652
2019	241
2020	255
2021	70,271
Thereafter	623,291
Total long-term obligations	$	832,942