The following table summarizes the terms and recorded balance of
each subordinated debenture as of the date indicated (dollars in
thousands):
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Subordinated Debt Series
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|
Maturity
Date |
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Face
Value |
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Coupon
Rate
(Variable)
3 mo.
LIBOR + |
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As of December 31,
2015 |
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Current
Coupon
Rate |
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|
Recorded
Book
Value |
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TriCo Cap Trust I
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10/7/2033 |
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|
$ |
20,619 |
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|
3.05 |
% |
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|
3.37 |
% |
|
$ |
20,619 |
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TriCo Cap Trust II
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|
7/23/2034 |
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|
|
20,619 |
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|
|
2.55 |
% |
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|
2.87 |
% |
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|
20,619 |
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North Valley Trust II
|
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|
4/24/2033 |
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|
|
6,186 |
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3.25 |
% |
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|
3.58 |
% |
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|
5,055 |
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North Valley Trust III
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|
4/24/2034 |
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5,155 |
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2.80 |
% |
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|
3.12 |
% |
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3,966 |
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North Valley Trust IV
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|
3/15/2036 |
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10,310 |
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1.33 |
% |
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1.84 |
% |
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6,211 |
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$ |
62,889 |
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$ |
56,470 |
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