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Senior and Subordinated Debt (Tables)
12 Months Ended
Dec. 31, 2018
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
 
2018
 
2017
Subordinated notes
 
September 2016
 
September 2026
 
5.875%
 
$
147,282

 
$
146,927

Junior subordinated debentures:
 
 
 
 
 
 
 
 
 
 
First Midwest Capital Trust I ("FMCT")
 
November 2003
 
December 2033
 
6.950%
 
37,803

 
37,801

Great Lakes Statutory Trust II ("GLST II")(1)
 
December 2005
 
December 2035
 
L+1.400%(2)
 
4,580

 
4,486

Great Lakes Statutory Trust III ("GLST III")(1)
 
June 2007
 
September 2037
 
L+1.700%(2)
 
6,071

 
5,956

Northern States Statutory Trust I ("NSST I")(1)
 
September 2005
 
September 2035
 
L+1.800%(2)
 
8,072

 

Total junior subordinated debentures
 
 
 
 
 
 
 
56,526

 
48,243

Total senior and subordinated debt
 
 
 
 
 
 
 
$
203,808

 
$
195,170


(1) 
The junior subordinated debentures related to GLST II, GLST III, and NSST I were assumed by the Company through acquisitions. These amounts include acquisition adjustment discounts that total $6.0 million and $4.0 million as of December 31, 2018 and 2017, respectively.
(2) 
The interest rates are a variable rate, based on three-month LIBOR plus 1.400%, 1.700% and $1.800% for GLST II, GLST III, and NSST I, respectively.