v3.26.1
Trust Preferred Securities (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Summary of Debentures Payable to Statutory Trusts

The following is a summary of subordinated debentures payable to statutory trusts.

 

(In thousands)

 

Year of
Maturity

 

Interest
Rate

 

March 31,
2026

 

 

December 31,
2025

 

First Bancshares of Baton Rouge Statutory Trust I

 

2034

 

Variable1

 

$

4,124

 

 

$

4,124

 

State Capital Statutory Trust IV

 

2035

 

Variable2

 

 

5,155

 

 

 

5,155

 

BancPlus Statutory Trust II

 

2036

 

Variable3

 

 

20,619

 

 

 

20,619

 

BancPlus Statutory Trust III

 

2037

 

Variable4

 

 

20,619

 

 

 

20,619

 

State Capital Master Trust

 

2037

 

Variable5

 

 

6,186

 

 

 

6,186

 

 

 

 

 

 

 

$

56,703

 

 

$

56,703

 

 

 

 

 

 

 

 

 

 

 

 

(1) Reprices quarterly based on three-month CME Term SOFR plus 2.50%, plus 0.26161% SOFR spread adjustment

 

(2) Reprices quarterly based on three-month CME Term SOFR plus 1.99%, plus 0.26161% SOFR spread adjustment

 

(3) Reprices quarterly based on three-month CME Term SOFR plus 1.50%, plus 0.26161% SOFR spread adjustment

 

(4) Reprices quarterly based on three-month CME Term SOFR plus 1.35%, plus 0.26161% SOFR spread adjustment

 

(5) Reprices quarterly based on three-month CME Term SOFR plus 1.46%, plus 0.26161% SOFR spread adjustment