Securities and Exchange Commission

Interest Expense, Trust Preferred Securities

The amount of interest incurred to a trust which has issued trust-preferred securities. In order to issue trust preferred securities, a sponsor forms a trust by investing a nominal amount of cash to purchase all of the voting common stock of the trust. The trust issues nonvoting, mandatorily redeemable preferred securities to outside investors in exchange for cash. The proceeds received from the issuance of the preferred securities, together with the cash received for issuing the common stock to the sponsor, is then loaned to the sponsor in exchange for a note which has the same terms as the trust preferred securities. Trust preferred securities possesses characteristics of both equity and debt issues and are generally issued by bank holding companies.

Compare To Other Companies

Annual (USD)

Value	Reported On	Form	FY	FP	Start Date	End Date	Fiscal Period
$51,300,000.00	2015-03-16	10-K	2014	FY	2012-01-01	2012-12-31	CY2012

All Reported Interest Expense, Trust Preferred Securities (USD)

Value	Reported On	Form	FY	FP	Start Date	End Date	Fiscal Period
$51,300,000.00	2015-03-16	10-K	2014	FY	2012-01-01	2012-12-31	CY2012
$51,300,000.00	2014-03-17	10-K	2013	FY	2012-01-01	2012-12-31
$51,300,000.00	2013-04-01	10-K	2012	FY	2012-01-01	2012-12-31