FMBH · First Mid Bancshares, Inc.

First Mid Bancshares, Inc. has refinanced its credit facilities by entering into a new Business Loan Agreement with Bankers’ Bank on April 10, 2026, establishing a $15 million revolving line of credit maturing in one year and a $20 million term loan maturing in three years. This replaces the Northern Trust Credit Agreement, which matured naturally on April 3, 2026, with no outstanding balances or early termination penalties, indicating a smooth transition without immediate liquidity pressures. The new facilities provide enhanced liquidity with a revolving line for general corporate purposes and working capital, while the term loan specifically targets repayment of existing subordinated debt, potentially improving the company's debt structure and interest cost profile. Both facilities carry variable rates tied to market benchmarks—WSJ Prime for the revolver (initially 6.00% with a 4.50% floor) and SOFR for the term loan (initially 6.402%)—offering flexibility amid interest rate volatility. Security is provided via a negative pledge on 100% of the stock of its key subsidiary, First Mid Bank & Trust, National Association, underscoring the holding company's reliance on banking operations. The agreements include standard covenants, financial ratios, regulatory compliance, and reporting requirements, which maintain lender protections while supporting ongoing operations. This move signals proactive capital management, securing medium-term funding at competitive terms without immediate repayment burdens.