Exhibit 107
Calculation of Filing Fee Tables
Form S-4 (Form Type)
First Mid Bancshares, Inc.
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered and Carry Forward Securities
| Security Type | Security Class Title | Fee Calculation or Carry Forward Rule | Amount Registered | Proposed Maximum Offering Price Per Share | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee | Carry Forward Form Type | Carry Forward File Number | Carry Forward Initial effective date | Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward |
Newly Registered Securities |
Fees to Be Paid | - | - | - | - | - | - | - | - | - | - | - | - |
Fees Previously Paid | Common shares | Common Shares, $4.00 par value per share | 457(f)(1) 457(c) | 3,328,090 (1) | $28.00 | $81,031,748 (2) | 0.0001102 | $8,930 (3) | | | | |
Carry Forward Securities |
Carry Forward Securities | - | - | - | - | | - | | | - | - | - | - |
| Total Offering Amounts | | $81,031,748 (2) | | $8,930 | | | | |
| Total Fees Previously Paid | | | | $8,930 | | | | |
| Total Fee Offsets | | | | - | | | | |
| Net Fees Due | | | | $0.00 | | | | |
| 1 | Relates to the maximum number of common stock, $4.00 par value per share (“First Mid common stock”), of the registrant, First Mid Bancshares, Inc., a Delaware corporation (“First Mid”), issuable to holders of common stock, $1.00 par value per share (“Blackhawk common stock”) of Blackhawk Bancorp, Inc., a Wisconsin corporation (“Blackhawk”) and restricted stock awards of Blackhawk, upon completion of the merger of Blackhawk with and into Eagle Sub LLC, a Wisconsin limited liability company (“merger sub”) and a direct, wholly owned subsidiary of First Mid (the “merger”), with merger sub surviving as a direct wholly owned subsidiary of First Mid (the “surviving company”). The amount of First Mid common stock to be registered is equal to the sum of (a) 2,893,991 shares of Blackhawk common stock outstanding (including restricted stock awards) as of May 25, 2023 multiplied by (b) 1.15 (the “exchange ratio”). |
| 2 | Estimated solely for purposes of calculating the registration fee required by Section 6(b) of the Securities Act of 1933, as amended (the “Securities Act”), and calculated in accordance with Rules 457(c) and 457(f)(1) promulgated thereunder. The proposed maximum aggregate offering price is solely for the purposes of calculating the registration fee and was calculated based upon the market value of shares of Blackhawk common stock (the securities to be cancelled in the mergers) in accordance with Rule 457(c) under the Securities Act as follows: (a) the product of (i) $28.00, the average of the high and low prices per share of Blackhawk common stock on May 25, 2023, as quoted on the OTCQX Market, and (ii) 2,893,991, the estimated maximum number of shares of Blackhawk common stock that may be exchanged for the First Mid shares being registered. |
| 3 | Calculated pursuant to Section 6(b) of the Securities Act at a rate equal to $110.20 per $1,000,000 of the proposed maximum aggregate offering pric |