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Junior Subordinated Debentures Held by Trust Subsidiaries (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Summary of the Outstanding Trust Preferred Securities
The following table provides information on the outstanding Trust Preferred Securities issued by, and the junior subordinated debentures issued to, each of the Trust Subsidiaries as of December 31, 2021 and 2020:
December 31, 2021December 31, 2020
(in thousands)Amount of
Trust
Preferred
Securities
Issued by
Trust
Principal
Amount of
Debenture
Issued to
Trust
Amount of
Trust
Preferred
Securities
Issued by
Trust
Principal
Amount of
Debenture
Issued to
Trust
Year of
Issuance
Annual Rate of Trust
Preferred Securities
and Debentures
Year of
Maturity
Commercebank Capital Trust VI9,250 9,537 9,250 9,537 2002
3-M LIBOR + 3.35%
2033
Commercebank Capital Trust VII8,000 8,248 8,000 8,248 2003
3-M LIBOR + 3.25%
2033
Commercebank Capital Trust VIII5,000 5,155 5,000 5,155 2004
3-M LIBOR + 2.85%
2034
Commercebank Capital Trust IX25,000 25,774 25,000 25,774 2006
3-M LIBOR + 1.75%
2038
Commercebank Capital Trust X15,000 15,464 15,000 15,464 2006
3-M LIBOR + 1.78%
2036
$62,250 $64,178 $62,250 $64,178