Name of Trust | Aggregate Liquidation Amount of Trust Preferred Securities | Aggregate Liquidation Amount of Common Capital Securities | Aggregate Principal Amount of Junior Subordinated Debentures | Stated Maturity | Current Interest Rate | Reset Period | Interest Rate Spread | Interest Deferral Period | Redemption Option | ||||||||||||||||
Banner Capital Trust II | $ | 15,000 | $ | 464 | $ | 15,464 | 2033 | 3.59 | % | Quarterly | Three-month LIBOR + 3.35% | 20 Consecutive Quarters | On or after January 7, 2008 | ||||||||||||
Banner Capital Trust III | 15,000 | 465 | 15,465 | 2033 | 3.14 | Quarterly | Three-month LIBOR + 2.90% | 20 Consecutive Quarters | On or after October 8, 2008 | ||||||||||||||||
Banner Capital Trust IV | 15,000 | 465 | 15,465 | 2034 | 3.09 | Quarterly | Three-month LIBOR + 2.85% | 20 Consecutive Quarters | On or after April 7, 2009 | ||||||||||||||||
Banner Capital Trust V | 25,000 | 774 | 25,774 | 2035 | 1.81 | Quarterly | Three-month LIBOR + 1.57% | 20 Consecutive Quarters | On or after November 23, 2010 | ||||||||||||||||
Banner Capital Trust VI | 25,000 | 774 | 25,774 | 2037 | 1.86 | Quarterly | Three-month LIBOR + 1.62% | 20 Consecutive Quarters | On or after March 1, 2012 | ||||||||||||||||
Banner Capital Trust VII | 25,000 | 774 | 25,774 | 2037 | 1.63 | Quarterly | Three-month LIBOR + 1.38% | 20 Consecutive Quarters | On or after July 31, 2012 | ||||||||||||||||
Total TPS liability at par | $ | 120,000 | $ | 3,716 | 123,716 | 2.33 | % | ||||||||||||||||||
Fair value adjustment | (49,788 | ) | |||||||||||||||||||||||
Total TPS liability at fair value | $ | 73,928 | |||||||||||||||||||||||