The Company has $20 million in outstanding trust preferred securities that qualify as Tier I capital. During 2010, the weighted average cost of the Company's trust preferred securities was 3.50% versus 4.43% a year ago.The Bank's Tier I leverage, Tier I risk-weighted and total risk-weighted capital ratios were 8.77%, 11.79% and 13.06%, respectively, at June 30, 2010. Each of these ratios exceeds the regulatory guidelines for a "well capitalized" institution, the highest regulatory capital category.
State Bancorp, Inc. Reports Second Quarter 2010 Results
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