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Other Borrowings (Tables)
6 Months Ended
Jun. 30, 2020
Other Liabilities Disclosure [Abstract]  
Summary of Other Borrowings
The following table summarizes Old National’s other borrowings:
(dollars in thousands)June 30,
2020
December 31,
2019
Old National Bancorp:  
Senior unsecured notes (fixed rate 4.125% maturing August 2024)
$175,000  $175,000  
Unamortized debt issuance costs related to senior unsecured notes(637) (715) 
Junior subordinated debentures (variable rates of
   1.86% to 2.82%) maturing March 2035 to June 2037
42,000  52,310  
Other basis adjustments(3,268) (2,833) 
Old National Bank:
Finance lease liabilities12,310  7,406  
Subordinated debentures (fixed rate 5.75%)
12,000  12,000  
Other472  517  
Total other borrowings$237,877  $243,685  
The following table summarizes the terms of our outstanding junior subordinated debentures:
(dollars in thousands)   Rate at 
Name of TrustIssuance DateIssuance AmountRateJune 30,
2020
Maturity Date
St. Joseph Capital Trust IIMarch 2005$5,000  
3-month LIBOR plus 1.75%
2.05%March 17, 2035
Anchor Capital Trust IIIAugust 20055,000  
3-month LIBOR plus 1.55%
1.86%September 30, 2035
Home Federal Statutory
   Trust I
September 200615,000  
3-month LIBOR plus 1.65%
1.96%September 15, 2036
Monroe Bancorp Capital
   Trust I
July 20063,000  
3-month LIBOR plus 1.60%
2.82%October 7, 2036
Tower Capital Trust 3December 20069,000  
3-month LIBOR plus 1.69%
2.04%March 1, 2037
Monroe Bancorp Statutory
   Trust II
March 20075,000  
3-month LIBOR plus 1.60%
1.91%June 15, 2037
Total$42,000  
Contractual Maturities of Other Borrowings
Contractual maturities of other borrowings at June 30, 2020 were as follows:
(dollars in thousands) 
Due in 2020$497  
Due in 20211,025  
Due in 20221,073  
Due in 20231,132  
Due in 2024176,170  
Thereafter61,412  
Unamortized debt issuance costs and other basis adjustments(3,432) 
Total$237,877