$30m committed across 1 active facility, next covenant test Sep 30, 2026. MBWM
The Borrower will not permit the Total Risk-Based Capital Ratio of the Borrower and the Subsidiary Banks (on a consolidated basis) expressed as a percentage, as of the last day of any fiscal quarter ending December 31, 2025 and the last day of each fiscal quarter thereafter, to be less than 12.00%.Read the filing on sec.gov ↗
Commencing with the fiscal quarter ending December 31, 2025, the Borrower and the Subsidiary Banks (on a consolidated basis) shall maintain as of the last day of each fiscal quarter, based on the four fiscal quarter-period then ending, a Return on Average Assets of at least 0.80%.Read the filing on sec.gov ↗
Signed Dec 24, 2025
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Term Loan | $30m | Dec 2028 | 170 bps |
Priced over Term SOFR, floor 0 bps (Term Loan A).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Level 1 | all times | 170 bps | n/a |
§2.4
Lenders: U.S. BANK NATIONAL ASSOCIATION
No amendments on file yet.
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