{"schema_version":"secwatch.filing_event.v1","accession":"0001336706-26-000017","form_type":"8-K","ticker":"NPB","cik":"0001336706","company_name":"NORTHPOINTE BANCSHARES INC","filed_at":"2026-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.875760+00:00","generated_at":"2026-05-15T12:23:53.907561+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Northpointe Bancshares issues $20M subordinated note at 7.50% fixed rate due 2036","bullets":["Sold $20.0M 7.50% Fixed-to-Floating Rate Subordinated Note due March 15, 2036 to an institutional accredited investor.","Note bears 7.50% fixed rate through March 15, 2031, then resets quarterly at 3-month SOFR plus 415 bps.","Proceeds used for general corporate purposes; note intended as Tier 2 capital for regulatory purposes.","Note is unsecured, subordinated to senior debt, and redeemable in whole or part on or after March 15, 2031.","The offering was conducted as a private placement under Section 4(a)(2) and Rule 506(b) of Regulation D."],"urls":{"canonical":"https://secwatch.observer/filing/0001336706-26-000017","json":"https://secwatch.observer/filing/0001336706-26-000017.json","markdown":"https://secwatch.observer/filing/0001336706-26-000017.md","text":"https://secwatch.observer/filing/0001336706-26-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1336706/000133670626000017/0001336706-26-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1336706/000133670626000017/npb-20260312.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T12:23:53.907561+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":"75e918edf67273b308b82ed67aaeb7f329f0f538","claim":"NORTHPOINTE BANCSHARES INC incurred senior notes of $20.0 million with institutional accredited investor at 7.50% maturing March 15, 2036.","evidence_excerpt":"On March 12, 2026, Northpointe Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with an institutional accredited investor (the “Purchaser”), pursuant to which the Company sold and issued a $20.0 million 7.50% Fixed-to-Floating Rate Subordinated Note due 2036","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1336706/000133670626000017/0001336706-26-000017-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$20.0 million"},{"label":"Counterparty","value":"institutional accredited investor"},{"label":"Rate","value":"7.50%"},{"label":"Maturity","value":"March 15, 2036"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e1589e64238cff97c15058de787a0ee24f8b8c6a","claim":"NORTHPOINTE BANCSHARES INC entered into Subordinated Note Purchase Agreement with an institutional accredited investor valued at $20.0 million (effective 2026-03-12).","evidence_excerpt":"On March 12, 2026, Northpointe Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with an institutional accredited investor (the “Purchaser”), pursuant to which the Company sold and issued a $20.0 million 7.50% Fixed-to-Floating Rate Subordinated Note due 2036 (the “Note”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1336706/000133670626000017/0001336706-26-000017-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"an institutional accredited investor"},{"label":"Value","value":"$20.0 million"},{"label":"Effective","value":"2026-03-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}