| | |
Per Note
|
| |
Total
|
| ||||||
Public offering price(1)
|
| | | | 100% | | | | | $ | 60,000,000 | | |
Underwriting discount(2)
|
| | | | 1.50% | | | | | $ | 900,000 | | |
Proceeds, before expenses, to us
|
| | | | 98.50% | | | | | $ | 59,100,000 | | |
| | | | | S-1 | | | |
| | | | | S-1 | | | |
| | | | | S-2 | | | |
| | | | | S-2 | | | |
| | | | | S-3 | | | |
| | | | | S-5 | | | |
| | | | | S-7 | | | |
| | | | | S-12 | | | |
| | | | | S-20 | | | |
| | | | | S-21 | | | |
| | | | | S-22 | | | |
| | | | | S-40 | | | |
| | | | | S-41 | | | |
| | | | | S-46 | | | |
| | | | | S-47 | | | |
| EXPERTS | | | | | S-47 | | |
| | | | | 2 | | | |
| | | | | 2 | | | |
| | | | | 2 | | | |
| | | | | 3 | | | |
| | | | | 3 | | | |
| | | | | 3 | | | |
| | | | | 4 | | | |
| | | | | 8 | | | |
| | | | | 14 | | | |
| | | | | 15 | | | |
| | | | | 17 | | | |
| | | | | 18 | | | |
| | | | | 18 | | | |
| | | | | 19 | | | |
| | | | | 20 | | | |
| | | | | 20 | | | |
| | | | | 20 | | | |
| | | | | 21 | | |
| | |
As of March 31, 2022
|
| |||||||||
(Dollars in thousands)
|
| |
Actual
|
| |
As adjusted
for this offering |
| ||||||
Cash and Cash Equivalents
|
| | | $ | 144,255 | | | | | $ | 202,905 | | |
Liabilities and Shareholders’ Equity: | | | | | | | | | | | | | |
Deposits: | | | | | | | | | | | | | |
Non-interest bearing demand
|
| | | $ | 710,697 | | | | | $ | 710,697 | | |
Interest-bearing demand
|
| | | | 554,235 | | | | | | 554,235 | | |
Savings
|
| | | | 1,632,690 | | | | | | 1,632,690 | | |
Time of $250 or more
|
| | | | 46,486 | | | | | | 46,486 | | |
Other time
|
| | | | 147,144 | | | | | | 147,144 | | |
Total deposits
|
| | | | 3,091,252 | | | | | | 3,091,252 | | |
Subordinated notes, net
|
| | | | 20,468 | | | | | | 20,468 | | |
Federal Home Loan Bank advances
|
| | | | 125,000 | | | | | | 125,000 | | |
Long-term debt
|
| | | | 51,486 | | | | | | 51,486 | | |
5.25% Notes offered hereby
|
| | | | — | | | | | | 58,650(1) | | |
Accrued expenses and other liabilities
|
| | | $ | 22,383 | | | | | $ | 22,383 | | |
Total liabilities
|
| | | $ | 3,310,589 | | | | | $ | 3,369,239 | | |
Shareholders’ Equity: | | | | | | | | | | | | | |
Common stock, no par value (50,000,000 shares authorized; 16,631,413 shares issued at March 31, 2022)
|
| | | | 3,000 | | | | | | 3,000 | | |
Preferred stock, $0.01 par value (50,000,000 shares authorized and no shares outstanding at March 31, 2022)
|
| | | | — | | | | | | — | | |
Additional paid-in capital
|
| | | | 29,421 | | | | | | 29,421 | | |
Retained earnings
|
| | | | 246,827 | | | | | | 246,827 | | |
Accumulated other comprehensive loss
|
| | | | (42,768) | | | | | | (42,768) | | |
Total stockholders’ equity
|
| | | | 236,480 | | | | | | 236,480 | | |
Total liabilities and shareholders’ equity
|
| | | $ | 3,547,069 | | | | | $ | 3,605,719 | | |
Capital Ratios(2) | | | | | | | | | | | | | |
Common equity Tier 1 capital ratio
|
| | | | 9.16% | | | | | | 9.16% | | |
Tier 1 risk-based capital ratio
|
| | | | 9.81% | | | | | | 9.81% | | |
Total risk-based capital ratio
|
| | | | 10.72% | | | | | | 12.64% | | |
Tier 1 leverage ratio
|
| | | | 8.39% | | | | | | 8.27% | | |
| | |
Per Note
|
| |
Total
|
| ||||||
Public offering price(1)
|
| | | | 100% | | | | | $ | 60,000,000 | | |
Underwriting discounts and commissions paid by us(2)
|
| | | | 1.50% | | | | | $ | 900,000 | | |
Proceeds to us, before expenses
|
| | | | 98.50% | | | | | $ | 59,100,000 | | |
| | | | | 2 | | | |
| | | | | 2 | | | |
| | | | | 2 | | | |
| | | | | 3 | | | |
| | | | | 3 | | | |
| | | | | 3 | | | |
| | | | | 4 | | | |
| | | | | 8 | | | |
| | | | | 14 | | | |
| | | | | 15 | | | |
| | | | | 17 | | | |
| | | | | 18 | | | |
| | | | | 18 | | | |
| | | | | 19 | | | |
| | | | | 20 | | | |
| | | | | 20 | | | |
| | | | | 20 | | | |
| | | | | 21 | | |