| Schedule of summary of company's subordinated debt |
The following table summarizes the Company’s subordinated debt as of December 31, 2016 and 2015 (in thousands):
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2016
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2015
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Subordinated debt issued June 2013 – fixed interest rate of 8.25%, $8,000 maturing June 28, 2021
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$
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—
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$
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7,448
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Subordinated debt issued June 2015 – fixed interest rate of 6.00% for the first five years through June 2020 and a variable interest rate equivalent to three month LIBOR plus 4.35% thereafter, $40,325 maturing June 18, 2025
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39,729
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39,659
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Subordinated debt issued June 2015 – fixed interest rate of 6.50%, $15,000 maturing June 18, 2025
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14,779
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14,752
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Total subordinated debt
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$
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54,508
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$
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61,859
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