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Step 1
Place beans in a medium pot or bowl; add water to cover by 2 inches. Cover and refrigerate overnight (up to 12 hours).
Step 2
Heat a Dutch oven over medium-high. Add oil, and heat until shimmering. Add sausage; cook until browned on both sides, about 3 minutes per side. Remove from heat. Transfer sausage to a plate (do not wipe Dutch oven clean); let cool slightly, about 10 minutes. Cover and refrigerate until ready to stir into beans.
Step 3
While sausage cools, drain soaked beans; set aside. Add onion, bell peppers, celery, and garlic to Dutch oven; cook over medium, stirring often, until tender, about 10 minutes. Add house spice; cook, stirring often, until fragrant, about 2 minutes. Add beans, ham hocks, stock, thyme, and bay leaves; stir to combine. Bring to a simmer over medium-high. Reduce heat to low; cover and cook very gently until beans are completely tender and ham hock is fork-tender, 1 hour and 30 minutes to 2 hours and 30 minutes. Start checking for doneness after about 1 hour. (The beans could take up to 3 hours, depending on how old they are.)
Step 4
When beans are completely tender, remove from heat. Remove and discard thyme and bay leaves. Transfer ham hocks to a small bowl or a cutting board; remove and discard bones and skin, and shred meat. Transfer 1 cup red beans and 1/2 cup cooking liquid to a blender. Secure lid on blender, and remove center piece to allow steam to escape. Place a clean towel over opening. Process until mixture is velvety smooth, about 1 minute. Stir pureed mixture back into red beans in Dutch oven. Stir in shredded ham and cooked sausage. Bring to a simmer over medium. Simmer, stirring occasionally, until sausage and ham are heated through, about 5 minutes. Season with salt to taste. Serve red beans alongside perfectly steamed rice.