{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-23-005335","form_type":"8-K","ticker":"FMBH","cik":"0000700565","company_name":"FIRST MID BANCSHARES, INC.","filed_at":"2023-08-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.434832+00:00","generated_at":"2026-06-11T08:55:19.373644+00:00","sec_items":["2.01","2.03","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"First Mid Bancshares completes Blackhawk Bancorp acquisition for ~3.33M shares","bullets":["Blackhawk had $1.3B assets, $1.2B deposits, $784M loans as of June 30, 2023.","Combined pro forma total assets ~$8.0B; account conversion expected in December 2023.","First Mid issued ~3.33M shares of common stock to Blackhawk shareholders; exchange ratio 1.15:1.","First Mid assumed $1.03M (due 2032) and $4.124M (due 2035) junior subordinated debentures plus $15M sub notes.","Todd J. James appointed to First Mid Board of Directors as Class I, effective August 15, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-23-005335","json":"https://secwatch.observer/filing/0001171843-23-005335.json","markdown":"https://secwatch.observer/filing/0001171843-23-005335.md","text":"https://secwatch.observer/filing/0001171843-23-005335.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/700565/000117184323005335/0001171843-23-005335-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/700565/000117184323005335/f8k_081623.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T08:55:19.373644+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"52d181eb27f6c95ca4496ff0036828cc5609e5e5","claim":"FIRST MID BANCSHARES, INC. incurred senior notes of $7,500,000 of subordinated notes due 2031 and $7,500,000 of subordinated notes due 2036 maturing 2031 and 2036.","evidence_excerpt":"First Mid assumed Blackhawk’s rights, duties and obligations with respect to Blackhawk’s $7,500,000 of subordinated notes due 2031 and $7,500,000 of subordinated notes due 2036.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/700565/000117184323005335/0001171843-23-005335-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$7,500,000 of subordinated notes due 2031 and $7,500,000 of subordinated notes due 2036"},{"label":"Maturity","value":"2031 and 2036"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"538edb12e43efdfbdc31593f0217e830d00e2565","claim":"FIRST MID BANCSHARES, INC. incurred senior notes of $4,124,000 with Wilmington Trust Company, as trustee at Fixed/Floating Rate maturing 2035.","evidence_excerpt":"First Mid assumed Blackhawk’s rights, duties and obligations under the Indenture between Blackhawk and the Trustee, dated as of March 17, 2005, pursuant to which Blackhawk has outstanding $4,124,000 of Fixed/Floating Rate Junior Subordinated Deferrable Interest Debentures due 2035.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/700565/000117184323005335/0001171843-23-005335-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$4,124,000"},{"label":"Counterparty","value":"Wilmington Trust Company, as trustee"},{"label":"Rate","value":"Fixed/Floating Rate"},{"label":"Maturity","value":"2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a12c206d96b992a9a63e95e06d17481a7a098c9e","claim":"FIRST MID BANCSHARES, INC. incurred senior notes of $1,031,000 with U.S. Bank Trust Company, National Association, as trustee at Floating Rate maturing 2032.","evidence_excerpt":"First Mid assumed Blackhawk’s rights, duties and obligations under the Indenture between Blackhawk and the Trustee, dated as of December 19, 2002, pursuant to which Blackhawk has outstanding $1,031,000 of Floating Rate Junior Subordinated Deferrable Interest Debentures due 2032.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/700565/000117184323005335/0001171843-23-005335-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$1,031,000"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee"},{"label":"Rate","value":"Floating Rate"},{"label":"Maturity","value":"2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"7612614365","claim":"Todd J. James was appointed as Class I Director at FIRST MID BANCSHARES, INC..","evidence_excerpt":"On August 14, 2023, with the agreement of Blackhawk, First Mid’s board of directors adopted a resolution, effective as of the closing of the Merger appointing Todd J. James, age 59, as a Class I Director of First Mid and a member of the Risk Committee of the board of directors, with a term to expire at the 2026 annual meeting of First Mid’s stockholders, or when his successor is duly elected and qualified, unless he shall earlier resign or be removed.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/700565/000117184323005335/0001171843-23-005335-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class I Director"}],"fact_type":"executive_change"},{"claim_id":"dfde279ea4bfea58c3f57b263d9864ab888d609a","claim":"FIRST MID BANCSHARES, INC. completed an acquisition involving Blackhawk Bancorp, Inc. for 1.15 shares of common stock, par value $4.00 per share, of First Mid per share of Blackhawk common stock and cash in lieu of fractional shares; total considerat (closed 2023-08-15).","evidence_excerpt":"( “First Mid”) and Eagle Sub LLC, a newly formed Wisconsin limited liability company and wholly-owned subsidiary of First Mid (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Blackhawk Bancorp, Inc., a Wisconsin corporation (“Blackhawk”), pursuant to which, among other things, the First Mid agreed to acquire 100% of the issued and outstanding shares of Blackhawk pursuant to a business combination whereby Blackhawk will merge with and into Merger Sub, whereupon the separate corporate existence of Blackhawk will cease and Merger Sub will continue as the surviving company and a wholly-owned subsidiary of First Mid (the “Merger”).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/700565/000117184323005335/0001171843-23-005335-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Blackhawk Bancorp, Inc."},{"label":"Consideration","value":"1.15 shares of common stock, par value $4.00 per share, of First Mid per share of Blackhawk common stock and cash in lieu of fractional shares; total considerat"},{"label":"Closing","value":"2023-08-15"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}