Subordinated Debentures (Tables)

9 Months Ended

Sep. 30, 2020

Subordinated Borrowings [Abstract]

Schedule of Subordinated Debentures

The following table presents the amounts and terms of each issuance of EFSC’s subordinated debentures and notes:

	Amount				Maturity Date	Initial Call Date(1)	Interest Rate
(in thousands)	September 30, 2020		December 31, 2019
EFSC Clayco Statutory Trust I	$	3,196	$	3,196	December 17, 2033	December 17, 2008	Floats @ 3MO LIBOR + 2.85%
EFSC Capital Trust II	5,155		5,155		June 17, 2034	June 17, 2009	Floats @ 3MO LIBOR + 2.65%
EFSC Statutory Trust III	11,341		11,341		December 15, 2034	December 15, 2009	Floats @ 3MO LIBOR + 1.97%
EFSC Clayco Statutory Trust II	4,124		4,124		September 15, 2035	September 15, 2010	Floats @ 3MO LIBOR + 1.83%
EFSC Statutory Trust IV	10,310		10,310		December 15, 2035	December 15, 2010	Floats @ 3MO LIBOR + 1.44%
EFSC Statutory Trust V	4,124		4,124		September 15, 2036	September 15, 2011	Floats @ 3MO LIBOR + 1.60%
EFSC Capital Trust VI	14,433		14,433		March 30, 2037	March 30, 2012	Floats @ 3MO LIBOR + 1.60%
EFSC Capital Trust VII	4,124		4,124		December 15, 2037	December 15, 2012	Floats @ 3MO LIBOR + 2.25%
JEFFCO Stat Trust I(2)	7,786		7,886		February 22, 2031	February 22, 2011	Fixed @ 10.20%
JEFFCO Stat Trust II(2)	4,429		4,388		March 17, 2034	March 17, 2009	Floats @ 3MO LIBOR + 2.75%
Trinity Capital Trust III(2)	5,256		5,206		September 8, 2034	September 8, 2009	Floats @ 3MO LIBOR + 2.70%
Trinity Capital Trust IV(2)	10,310		10,302		November 23, 2035	August 23, 2010	Fixed @ 6.88%
Trinity Capital Trust V(2)	7,665		7,543		December 15, 2036	September 15, 2011	Floats @ 3MO LIBOR + 1.65%
Total junior subordinated debentures	92,253		92,132
5.75% Fixed-to-floating rate subordinated notes	63,250		—		June 1, 2030	June 1, 2025	Fixed @ 5.75% until June 1, 2025, then floats @ Benchmark rate (3 month term SOFR) + 5.66%
4.75% Fixed-to-floating rate subordinated notes	50,000		50,000		November 1, 2026	November 1, 2021	Fixed @ 4.75% until November 1, 2021, then floats @ 3MO LIBOR + 3.387%
Debt issuance costs	(1,993)		(874)
Total fixed-to-floating rate subordinated notes	111,257		49,126
Total subordinated debentures and notes	$	203,510	$	141,258
(1) Callable each quarter after initial call date.
(2) Purchase accounting adjustments are reflected in the balance that also impact the effective interest rate.