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Other Borrowings (Tables)
12 Months Ended
Dec. 31, 2020
Other Liabilities Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table summarizes Old National’s other borrowings:
 December 31,
(dollars in thousands)20202019
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
(559)(715)
Junior subordinated debentures (variable rates
   of 1.80% to 1.98%) maturing March 2035
   to June 2037
42,000 52,310 
Other basis adjustments(3,195)(2,833)
Old National Bank:
Finance lease liabilities11,813 7,406 
Subordinated debentures (variable rate 4.57%)
12,000 12,000 
Leveraged loans for NMTC (fixed rates of
   1.00% to 1.43%) maturing December
   2046 to December 2052
15,300 — 
Other428 517 
Total other borrowings$252,787 $243,685 
The following table summarizes the terms of our outstanding junior subordinated debentures as of December 31, 2020:
(dollars in thousands)

Name of Trust
Issuance DateIssuance
Amount
Rate
Rate at
December 31,
2020
Maturity Date
St. Joseph Capital Trust IIMarch 2005$5,000 
3-month LIBOR plus 1.75%
1.98 %March 17, 2035
Anchor Capital Trust IIIAugust 20055,000 
3-month LIBOR plus 1.55%
1.80 %September 30, 2035
Home Federal Statutory
   Trust I
September 200615,000 
3-month LIBOR plus 1.65%
1.87 %September 15, 2036
Monroe Bancorp Capital
   Trust I
July 20063,000 
3-month LIBOR plus 1.60%
1.84 %October 7, 2036
Tower Capital Trust 3December 20069,000 
3-month LIBOR plus 1.69%
1.92 %March 1, 2037
Monroe Bancorp Statutory
   Trust II
March 20075,000 
3-month LIBOR plus 1.60%
1.82 %June 15, 2037
Total$42,000 
Schedule of Maturities of Long-term Debt
Contractual maturities of other borrowings at December 31, 2020 were as follows:
(dollars in thousands) 
Due in 2021
$1,025 
Due in 2022
1,073 
Due in 2023
1,132 
Due in 2024
176,170 
Due in 2025
1,198 
Thereafter75,515 
Unamortized debt issuance costs and other
   basis adjustments
(3,326)
Total$252,787