v3.25.4
SUBORDINATED DEBT AND DEBENTURES (Tables)
12 Months Ended
Dec. 31, 2025
Subordinated Borrowings [Abstract]  
Summary Information Regarding Subordinated Debentures
Summary information regarding subordinated debentures as of December 31 follows:
2025
Entity Name
Issue
Date
Subordinated
Debentures
Trust
Preferred
Securities
Issued
Common
Stock
Issued
(In thousands)
IBC Capital Finance IIIMay 2007$12,372 $12,000 $372 
IBC Capital Finance IVSeptember 200715,465 15,000 465 
Midwest Guaranty Trust INovember 20027,732 7,500 232 
TCSB Statutory Trust IMarch 20055,155 5,000 155 
Discount on TCSB Statutory Trust I(860)(860)— 
$39,864 $38,640 $1,224 
2024
Entity NameIssue
Date
Subordinated
Debentures
Trust
Preferred
Securities
Issued
Common
Stock
Issued
(In thousands)
IBC Capital Finance IIIMay 2007$12,372 $12,000 $372 
IBC Capital Finance IVSeptember 200715,465 15,000 465 
Midwest Guaranty Trust INovember 20027,732 7,500 232 
TCSB Statutory Trust IMarch 20055,155 5,000 155 
Discount on TCSB Statutory Trust I(928)(928)— 
$39,796 $38,572 $1,224 
Schedule of Other Key Terms for Subordinated Debentures and Trust Preferred Securities
Other key terms for the subordinated debentures and trust preferred securities that were outstanding at December 31, 2025 and 2024 follow:
Entity NameMaturity
Date
Interest Rate
First Permitted
Redemption Date
IBC Capital Finance IIIJuly 30, 2037
3 month SOFR plus 1.86%
July 30, 2012
IBC Capital Finance IVSeptember 15, 2037
3 month SOFR plus 3.11%
September 15, 2012
Midwest Guaranty Trust INovember 7, 2032
3 month SOFR plus 3.71%
November 7, 2007
TCSB Statutory Trust IMarch 17, 2035
3 month SOFR plus 2.46%
March 17, 2010