Federal Home Loan Bank Advances

12 Months Ended

Dec. 31, 2016

Banking and Thrift [Abstract]

Federal Home Loan Bank Advances

NOTE 15 – FEDERAL HOME LOAN BANK ADVANCES

The following table summarizes Old National Bank’s FHLB advances at December 31:

(dollars in thousands)	2016			2015
Federal Home Loan Bank advances (fixed rates 0.56% to 6.76% and variable rates 0.99% to 1.05%) maturing January 2017 to January 2025	$	1,353,225		$	1,022,766
ASC 815 fair value hedge and other basis adjustments		(133	)		725
Total other borrowings	$	1,353,092		$	1,023,491

FHLB advances had weighted-average rates of 0.94% at December 31, 2016 and 0.72% at December 31, 2015. These borrowings are collateralized by investment securities and residential real estate loans up to 140% of outstanding debt.

Contractual maturities of FHLB advances at December 31, 2016, were as follows:

(dollars in thousands)
Due in 2017	$	945,544
Due in 2018		170,090
Due in 2019		2,415
Due in 2020		50,000
Due in 2021		—
Thereafter		185,176
ASC 815 fair value hedge and other basis adjustments		(133	)
Total	$	1,353,092