Senior and Subordinated Debt (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following table presents the Company's senior and subordinated debt by issuance.

Senior and Subordinated Debt

(Dollar amounts in thousands)

				As of December 31,
	Issuance Date	Maturity Date	Interest Rate	2016		2015
Senior notes	November 2011	November 2016	5.875%	$	—	$	114,891
Subordinated notes:
Due in 2026	September 2016	September 2026	5.875%	146,573		—
Due in 2016	March 2006	April 2016	5.850%	—		38,499
Junior subordinated debentures:
First Midwest Capital Trust I ("FMCT")	November 2003	December 2033	6.950%	37,800		37,799
Great Lakes Statutory Trust II ("GLST II") (1)	December 2005	December 2035	L+1.400% (2)	4,391		4,296
Great Lakes Statutory Trust III ("GLST III") (1)	June 2007	September 2037	L+1.700% (2)	5,839		5,723
Total junior subordinated debentures				48,030		47,818
Total senior and subordinated debt				$	194,603	$	201,208

⁽¹⁾  The junior subordinated debentures related to GLST II and GLST III were assumed by the Company through the Great Lakes acquisition. As of December 31, 2016, these amounts include acquisition adjustments which resulted in a discount of $1.8 million to GLST II and $2.4 million to GLST III. The acquisition adjustments totaled $1.9 million and $2.5 million to GLST II and GLST III, respectively, as of December 31, 2015.

⁽²⁾  The interest rates are a variable rate based on the three-month LIBOR plus 1.400% and 1.700% for GLST II and GLST III, respectively.