Loan & DebtJul 15, 2026, 09:06 AM

First Mid Bancshares Secures $19.7M Promissory Note at 6.125%

AI Summary

First Mid Bancshares, Inc. has entered into a new Promissory Note with Bankers’ Bank for $19,709,626.03. This note, bearing a fixed interest rate of 6.125% per annum, refinances a prior note from September 2022. The company will make 38 monthly payments of $161,204.52, with a final balloon payment of approximately $17.3 million due on September 28, 2029. The loan is secured by the capital stock of its wholly-owned subsidiary, First Mid Bank & Trust.

Key Highlights

First Mid Bancshares executed a Promissory Note for $19,709,626.03 with Bankers’ Bank.
The Note bears a fixed interest rate of 6.125% per annum, calculated on a 365/360 basis.
The Company will make 38 monthly payments of $161,204.52, starting July 28, 2026.
An estimated final balloon payment of $17,313,274.55 is due on September 28, 2029.
The Note refinances a prior note dated September 28, 2022.
The Note is secured by a Negative Pledge and Negative Assignment Agreement on 100% of First Mid Bank & Trust capital stock.

View SEC Filing

FMBH

Major Banks

FIRST MID BANCSHARES, INC.

Price Impact