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Subordinated Debt Securities (Tables)
9 Months Ended
Sep. 30, 2019
Subordinated Debt Securities [Abstract]  
Summary of the nature and terms of the junior subordinated debt and trust preferred securities

The following table summarizes the nature and terms of the junior subordinated debt and trust preferred securities:

 

 

 

 

 

 

 

 

 

 

Hallmark

 

 

Hallmark

 

    

 

Statutory

 

 

Statutory

 

 

 

Trust I

 

 

Trust II

 

 

 

 

 

 

 

Issue date

 

 

June 21, 2005

 

 

August 23, 2007

Principal amount of trust preferred securities

 

$

30,000

 

$

25,000

Principal amount of junior subordinated debt securities

 

$

30,928

 

$

25,774

Maturity date of junior subordinated debt securities

 

 

June 15, 2035

 

 

September 15, 2037

Trust common stock

 

$

928

 

$

774

Interest rate, per annum

 

 

Three Month LIBOR + 3.25%

 

 

Three Month LIBOR + 2.90%

Current interest rate at September 30, 2019

 

 

5.37%

 

 

5.02%