First Internet Bancorp

Replace maturing certificates of deposit with lower-cost funding

Deadline passed; outcome being checked

Announced: 1 Feb 2021
Due: 1 Feb 2022
Status: Checking

Deadline
Met
Late
Not met
Today

What the company said

“$917 million of CDs with a weighted average cost of 1.87% mature in the next twelve months – replacement cost is currently less than 50 bps”

SourceFirst Internet Bancorp Form 8-K press release, 2021-02-01
FilingSEC filing index
Deadline as statedin the next twelve months
Deadline used1 Feb 2022, the last day of the stated period
TypeOther
Permanent referenceKI-C-2021-INBK-022751
Cite as https://keptindex.org/c/KI-C-2021-INBK-022751/ — this address never changes.

What we found

The deadline has passed. We check for public evidence starting 30 days after the deadline, and repeat the check if nothing clear turns up.

Commitment DNA

The structured record of this commitment. Fields the company did not state are left blank rather than guessed.

Event type: Other
Indicative materiality: Low rules
Action: Replace
Deliverable: maturing certificates of deposit
Target: 917 million
In the company’s control: High
Specificity: Medium

Tell me what happens

This deadline has not been settled yet. We check 30 days after it passes. Get an email when we record the outcome.

Alert me when this resolves

How this entry was checked

Commitment recordedThe company's words were matched word for word against the filing.
OutcomeNot yet assessed. Nothing is judged before the deadline.

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