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Subordinated Debentures (Tables)
12 Months Ended
Dec. 31, 2021
Subordinated Borrowings [Abstract]  
Schedule of Subordinated Debentures
The amounts and terms of each issuance of the Company’s subordinated debentures at December 31, 2021 and 2020 were as follows:
AmountMaturity DateInitial Call Date (1)Interest Rate
($ in thousands)20212020
EFSC Clayco Statutory Trust I$3,196 $3,196 December 17, 2033December 17, 2008Floats @ 3MO LIBOR + 2.85%
EFSC Capital Trust II5,155 5,155 June 17, 2034June 17, 2009Floats @ 3MO LIBOR + 2.65%
EFSC Statutory Trust III11,341 11,341 December 15, 2034December 15, 2009Floats @ 3MO LIBOR + 1.97%
EFSC Clayco Statutory Trust II4,124 4,124 September 15, 2035September 15, 2010Floats @ 3MO LIBOR + 1.83%
EFSC Statutory Trust IV10,310 10,310 December 15, 2035December 15, 2010Floats @ 3MO LIBOR + 1.44%
EFSC Statutory Trust V4,124 4,124 September 15, 2036September 15, 2011Floats @ 3MO LIBOR + 1.60%
EFSC Capital Trust VI14,433 14,433 March 30, 2037March 30, 2012Floats @ 3MO LIBOR + 1.60%
EFSC Capital Trust VII4,124 4,124 December 15, 2037December 15, 2012Floats @ 3MO LIBOR + 2.25%
JEFFCO Stat Trust I (2)7,732 7,752 February 22, 2031February 22, 2011Fixed @ 10.20%
JEFFCO Stat Trust II (2)4,496 4,443 March 17, 2034March 17, 2009Floats @ 3MO LIBOR + 2.75%
Trinity Capital Trust III (2)5,339 5,272 September 8, 2034September 8, 2009Floats @ 3MO LIBOR + 2.70%
Trinity Capital Trust IV 10,310 10,310 November 23, 2035August 23, 2010Fixed @ 6.88%
Trinity Capital Trust V (2)7,869 7,706 December 15, 2036September 15, 2011Floats @ 3MO LIBOR + 1.65%
Total junior subordinated debentures92,553 92,290 
5.75% Fixed-to-floating rate subordinated notes63,250 63,250 June 1, 2030June 1, 2025Fixed @ 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 November 1, 2026November 1, 2021Fixed @ 4.75% until
November 1, 2021, then floats @ 3MO LIBOR + 3.387%
Debt issuance costs(904)(1,903)
Total fixed-to-floating rate subordinated notes62,346 111,347 
Total subordinated debentures and notes$154,899 $203,637 
(1) Callable each quarter after initial call date.
(2) Purchase accounting adjustments are reflected in the balance and also impact the effective interest rate.