NOTE 5 - SUBORDINATED NOTES (Tables)

9 Months Ended

Sep. 30, 2020

SUBORDINATED NOTES

Summary of subordinated notes

		Amount Outstanding	Interest Rate			Amount Outstanding	Interest Rate
		as of September 30, 2020	as of September 30, 2020			as of December 31, 2019	as of December 31, 2019		Maturity Date
		(dollars in thousands)
Subordinated debenture dated 9/14/20	$	50,000	5.125	%	$	-	—	%	9/15/2030
Subordinated debenture dated 2/1/19		65,000	5.375	%		65,000	5.375	%	9/15/2030
Subordinated debenture dated 4/30/16*		2,000	4.00	%		2,000	4.00	%	4/30/2026
Subordinated debenture dated 9/15/16*		3,000	4.00	%		3,000	4.00	%	9/15/2026
Debt issuance costs		(1,423)				(1,606)
Total Subordinated Debentures	$	118,577			$	68,394
*Assumed in acquisition of SFCB