The following table is a summary of the terms and the amounts outstanding of the Debentures at June 30, 2025 (dollars in thousands): | | | | | | | | | | | | | | Issuance Trust | | Issuance Date | | Amount Outstanding | | Rate Type | | Initial Rate | | Current Rate | | Maturity Date | | | | | | | | | | | | | | | Riverview Bancorp Statutory Trust I | | 12/2005 | | $ | 7,217 | | Variable | (1) | 5.88 | % | 5.92 | % | 3/2036 | Riverview Bancorp Statutory Trust II | | 06/2007 | | | 15,464 | | Variable | (2) | 7.03 | % | 5.91 | % | 9/2037 | Merchants Bancorp Statutory Trust I (4) | | 06/2003 | | | 5,155 | | Variable | (3) | 4.16 | % | 7.66 | % | 6/2033 | | | | | | 27,836 | | | | | | | | | Fair value adjustment (4) | | | | | (723) | | | | | | | | | Total Debentures | | | | $ | 27,113 | | | | | | | | |
| (1) | The trust preferred securities reprice quarterly based on the three-month Chicago Mercantile Exchange (“CME”) Term SOFR plus 1.36%. |
| (2) | The trust preferred securities reprice quarterly based on the three-month CME Term SOFR plus 1.35%. |
| (3) | The trust preferred securities reprice quarterly based on the three-month CME Term SOFR plus 3.10%. |
| (4) | Amount, net of accretion, attributable to a prior year’s business combination. |
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