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Junior Subordinated Debentures Held by Trust Subsidiaries
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Junior Subordinated Debentures Held by Trust Subsidiaries Junior Subordinated Debentures Held by Trust Subsidiaries
The following tables provide information on the outstanding Trust Preferred Securities issued by, and the junior subordinated debentures issued to, each of the statutory trust subsidiaries as of September 30, 2023 and December 31, 2022:
September 30, 2023
(in thousands)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 VI$9,250 $9,537 2002
3-M SOFR + 3.61%
2033
Commercebank Capital Trust VII8,000 8,248 2003
3-M SOFR + 3.51%
2033
Commercebank Capital Trust VIII5,000 5,155 2004
3-M SOFR + 3.11%
2034
Commercebank Capital Trust IX25,000 25,774 2006
3-M SOFR + 2.01%
2038
Commercebank Capital Trust X15,000 15,464 2006
3-M SOFR + 2.04%
2036
$62,250 $64,178 
December 31, 2022
(in thousands)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 VI$9,250 $9,537 2002
3-M LIBOR + 3.35%
2033
Commercebank Capital Trust VII8,000 8,248 2003
3-M LIBOR + 3.25%
2033
Commercebank Capital Trust VIII5,000 5,155 2004
3-M LIBOR + 2.85%
2034
Commercebank Capital Trust IX25,000 25,774 2006
3-M LIBOR + 1.75%
2038
Commercebank Capital Trust X15,000 15,464 2006
3-M LIBOR + 1.78%
2036
$62,250 $64,178 

In the third quarter of 2023, SOFR replaced LIBOR as the floating rate for the Company’s junior subordinated debentures. See the 2022 Form 10-K for more details on the LIBOR cessation and its impact on our financial instruments.