Federal Home Loan Bank Advances and Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2026

The following table presents details of the Company’s FHLB advances and long-term debt as of March 31, 2026 and December 31, 2025:



	March 31, 2026				December 31, 2025
($ in thousands)	Interest Rates	Maturity Dates	Amount		Amount



Parent company
Junior subordinated debt — floating (1)	5.49%	12/15/2035	$	32,400	$	32,320
Bank


FHLB advances (2):
Floating (3)	3.78% — 3.88%	2026 — 2027	$	1,900,000	$	2,000,000
Fixed	3.87% — 3.95%	2026	1,100,000		750,000
Overnight	N/A	N/A	—		250,000
Total FHLB advances			$	3,000,000	$	3,000,000

N/A — Not applicable.

(1)As of March 31, 2026, the outstanding junior subordinated debt was issued by MCBI Statutory Trust I and had a stated interest of 3-month CME Term Secured Overnight Financing Rate (“SOFR”) + 1.81%. The contractual interest rates for junior subordinated debt were 5.49% and 5.53% as of March 31, 2026 and December 31, 2025, respectively. For additional information on the junior subordinated debt, refer to Note 10 - Federal Home Loan Bank Advances and Long-Term Debt in the Company’s 2025 Form 10-K.

(2)The weighted-average interest rates for FHLB advances were 3.87% and 3.94% as of March 31, 2026 and December 31, 2025, respectively.

(3)Floating interest rates are based on the SOFR plus the established spread.