| Junior Subordinated Debentures by Issuance |
As of the dates presented, the Company’s junior subordinated debentures by issuance were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate Principal Amount |
|
|
|
|
|
Name of Trust |
|
Stated
Maturity |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
|
Contractual Rate June 30, 2026 |
|
Interest Rate Spread(1) |
Metropolitan Statutory Trust I(2) |
|
March 17, 2034 |
|
$ |
35,000 |
|
|
$ |
35,000 |
|
|
6.72% |
|
SOFR + spread adjustment + 2.79% |
First Evanston Bancorp Trust I(3) |
|
March 15, 2035 |
|
|
10,000 |
|
|
|
10,000 |
|
|
5.71% |
|
SOFR + spread adjustment + 1.78% |
AmeriMark Capital Trust I(4) |
|
April 23, 2034 |
|
|
5,000 |
|
|
|
5,000 |
|
|
6.68% |
|
SOFR + spread adjustment + 2.75% |
Inland Bancorp Trust II(4) |
|
September 15, 2035 |
|
|
10,000 |
|
|
|
10,000 |
|
|
5.53% |
|
SOFR + spread adjustment + 1.60% |
Inland Bancorp Trust III(4) |
|
December 15, 2036 |
|
|
10,000 |
|
|
|
10,000 |
|
|
5.58% |
|
SOFR + spread adjustment + 1.65% |
Inland Bancorp Trust IV(4) |
|
June 6, 2037 |
|
|
7,000 |
|
|
|
7,000 |
|
|
5.53% |
|
SOFR + spread adjustment + 1.62% |
Inland Bancorp Trust V(4) |
|
September 15, 2037 |
|
|
10,000 |
|
|
|
10,000 |
|
|
5.35% |
|
SOFR + spread adjustment + 1.42% |
Total liability, at par |
|
|
|
|
87,000 |
|
|
|
87,000 |
|
|
|
|
|
Discount |
|
|
|
|
(15,186 |
) |
|
|
(15,591 |
) |
|
|
|
|
Total liability, at carrying value |
|
|
|
$ |
71,814 |
|
|
$ |
71,409 |
|
|
|
|
|
(1) SOFR is three-month SOFR and the spread adjustment is 0.26161% (2) Assumed as part of the Company's recapitalization of its predecessor. (3) Assumed in May 2018 as part of an acquisition. (4) Assumed in July 2023 as part of an acquisition
|