Meta Financial Group Just Filed Its Quarterly Report: Included in securiti...


Included in securities available for sale are trust preferred securities as follows:
 
At December 31, 2013
 
  
  
  
  
 
 
 
Amortized
  
  
Unrealized
   
S&P
 
 
Moody's
 
Issuer(1)
 
Cost
  
Fair Value
  
(Loss)
  
Credit Rating
  
Credit Rating
 
 
 
(Dollars in Thousands)
      
 
 
 
  
  
      
 
Key Corp. Capital I
 
$
4,985
  
$
4,099
  
$
(886
)
  
BBB-
   
Baa3
 
Huntington Capital Trust II SE
  
4,976
   
4,050
   
(926
)
  
BB+
   
Baa3
 
PNC Capital Trust
  
4,960
   
4,150
   
(810
)
  
BBB
   
Baa2
 
Wells Fargo (Corestates Capital) Trust
  
4,410
   
4,050
   
(360
)
  
A-
   
A3
 
Total
 
$
19,331
  
$
16,349
  
$
(2,982
)
        
 

(1)
Trust preferred securities are single-issuance.  There are no known deferrals, defaults or excess subordination.

 
 
  
  
  
  
 
 
 
  
  
  
  
 
At September 30, 2013
 
  
  
  
  
 
 
 
Amortized
  
  
Unrealized
   
S&P
 
 
Moody's
 
Issuer(1)
 
Cost
  
Fair Value
  
(Loss)
  
Credit Rating
  
Credit Rating
 
 
 
(Dollars in Thousands)
      
 
 
 
  
  
      
 
Key Corp. Capital I
 
$
4,984
  
$
4,100
  
$
(884
)
  
BBB-
   
Baa3
 
Huntington Capital Trust II SE
  
4,976
   
4,075
   
(901
)
  
BB+
   
Baa3
 
PNC Capital Trust
  
4,959
   
4,175
   
(784
)
  
BBB
   
Baa2
 
Wells Fargo (Corestates Capital) Trust
  
4,399
   
4,050
   
(349
)
  
A-
   
A3
 
Total
 
$
19,318
  
$
16,400
  
$
(2,918
)
        
 

(1)
Trust preferred securities are single-issuance.  There are no known deferrals, defaults or excess subordination.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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