LONG-TERM OBLIGATIONS

Long-term obligations at December 31 include:



(Dollars in thousands)	2017			2016
Junior subordinated debenture at 3-month LIBOR plus 1.75 percent maturing June 30, 2036	$	90,207		$	90,207
Junior subordinated debenture at 3-month LIBOR plus 2.25 percent maturing June 15, 2034	19,588			24,742
Junior subordinated debenture at 3-month LIBOR plus 2.85 percent maturing April 7, 2034	10,310			10,310
Subordinated notes payable at 8.00 percent maturing June 1, 2018	—			15,000
Obligations under capitalized leases extending to June 2026	7,795			5,701
Notes payable to Federal Home Loan Bank of Atlanta with rates ranging from 2.00 percent to 3.06 percent and maturing through February 2026	745,221			660,237
Unamortized purchase accounting adjustments	(2,964		)	(3,350		)
Other long-term debt	83			30,095
Total long-term obligations	$	870,240		$	832,942

At December 31, 2017, long-term obligations included $120.1 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 $116.5 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.

On January 17, 2018, BancShares prepaid four FHLB advances totaling $325.0 million resulting in a net gain of $13.6 million. On February 7, 2018, BancShares acquired $2.0 million aggregate principal amount of Trust Preferred Securities issued by FCB/NC Capital Trust III. BancShares paid approximately $1.8 million, plus unpaid accrued distributions on the securities for the current distribution period. On February 9, 2018, BancShares prepaid four additional FHLB advances totaling $350.0 million resulting in a net gain of $12.1 million.

Long-term obligations maturing in each of the five years subsequent to December 31, 2017 and thereafter include:



	Year ended December 31
2018	$	1,298
2019	1,340
2020	1,384
2021	71,431
2022	76,241
Thereafter	718,546
Total long-term obligations	$	870,240