| | |
Per Depositary Share
|
| |
Total
|
| ||||||
Public offering price(1)
|
| | | $ | 25.0000 | | | | | $ | 115,000,000 | | |
Underwriting discounts and commissions(2)
|
| | | $ | 0.7875 | | | | | $ | 3,622,500 | | |
Proceeds, before expenses, to us
|
| | | $ | 24.2125 | | | | | $ | 111,377,500 | | |
|
Keefe, Bruyette & Woods
A Stifel Company |
| |
Raymond James
|
| |
Piper Sandler
|
|
|
D.A. Davidson & Co.
|
| |
Janney Montgomery Scott
|
| |
Stephens Inc.
|
|
| | |
Page
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| | | | S-iii | | | |
| | | | S-iv | | | |
| | | | S-1 | | | |
| | | | S-2 | | | |
| | | | S-7 | | | |
| | | | S-12 | | | |
| | | | S-13 | | | |
| | | | S-14 | | | |
| | | | S-24 | | | |
| | | | S-27 | | | |
| | | | S-30 | | | |
| | | | S-34 | | | |
| | | | S-37 | | | |
| | | | S-40 | | | |
| | | | S-40 | | | |
| | | | S-40 | | | |
| | | | S-41 | | |
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Page
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As of
June 30, 2022 |
| |||||||||
(Dollars in thousands)
|
| |
Actual
|
| |
As Adjusted
|
| ||||||
Cash and cash equivalents
|
| | | $ | 270,117 | | | | | $ | 380.645 | | |
Long Term Debt: | | | | | | | | | | | | | |
Subordinated debt(1)
|
| | | | 139,277 | | | | | | 139,277 | | |
Trust preferred debentures
|
| | | | 49,674 | | | | | | 49,674 | | |
Shareholders’ Equity: | | | | | | | | | | | | | |
Preferred stock, $2.00 par value per share, 4,000,000 shares authorized:
|
| | | | | | | | | | | | |
Series A Preferred Stock, $1,000 liquidation preference per share, 0 shares issued and outstanding (actual) and 115,000 shares issued and outstanding (as adjusted)
|
| | | | — | | | | | | 110,528 | | |
Common stock, $0.01 par value per share, 40,000,000 shares authorized; 22,060,255 shares issued and outstanding (actual and as adjusted)
|
| | | | 221 | | | | | | 221 | | |
Capital surplus
|
| | | | 446,894 | | | | | | 446,894 | | |
Retained earnings
|
| | | | 242,170 | | | | | | 242,170 | | |
Accumulated other comprehensive loss
|
| | | | (53,097) | | | | | | (53,097) | | |
Total shareholders’ equity
|
| | | $ | 636,188 | | | | | $ | 746,716 | | |
Capital Ratios: | | | | | | | | | | | | | |
Tier 1 leverage
|
| | | | 7.98% | | | | | | 9.35% | | |
Common equity Tier 1
|
| | | | 7.66% | | | | | | 7.66% | | |
Tier 1 capital to risk-weighted assets
|
| | | | 8.63% | | | | | | 10.27% | | |
Total capital to risk-weighted assets
|
| | | | 11.44% | | | | | | 13.09% | | |
Underwriter
|
| |
Number of
Depositary Shares |
| |||
Keefe, Bruyette & Woods, Inc.
|
| | | | 1,265,230 | | |
Raymond James & Associates, Inc.
|
| | | | 1,265,230 | | |
Piper Sandler & Co.
|
| | | | 920,000 | | |
D.A. Davidson & Co.
|
| | | | 383,180 | | |
Janney Montgomery Scott LLC
|
| | | | 383,180 | | |
Stephens Inc.
|
| | | | 383,180 | | |
Total
|
| | | | 4,600,000 | | |
|
Per depositary share
|
| | | $ | 0.7875 | | |
|
Total
|
| | | $ | 3,622,500 | | |
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Exhibit 107
The prospectus to which this Exhibit 107 is attached is a final prospectus for the related offering. The maximum aggregate offering price for such offering is $115,000,000.