Federal Home Loan Bank Advances

6 Months Ended

Jun. 30, 2017

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 June 30, 2017 and December 31, 2016:

(dollars in thousands)	June 30, 2017			December 31, 2016
Federal Home Loan Bank advances (fixed rates 0.96% to 6.08% and variable rates 1.09% to 1.33%) maturing July 2017 to April 2027	$	1,515,927		$	1,353,225
ASC 815 fair value hedge and other basis adjustments		(299	)		(133	)
Total other borrowings	$	1,515,628		$	1,353,092

FHLB advances had weighted-average rates of 1.31% at June 30, 2017 and 0.94% at December 31, 2016. These borrowings are collateralized by investment securities and residential real estate loans up to 143% of outstanding debt.

Contractual maturities of FHLB advances at June 30, 2017 were as follows:

(dollars in thousands)
Due in 2017	$	778,818
Due in 2018		199,956
Due in 2019		201,981
Due in 2020		50,000
Due in 2021		—
Thereafter		285,172
ASC 815 fair value hedge and other basis adjustments		(299	)
Total	$	1,515,628