Federal Home Loan Bank Advances

3 Months Ended

Mar. 31, 2019

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 March 31, 2019 and December 31, 2018:

	March 31,		December 31,
(dollars in thousands)	2019		2018
FHLB advances (fixed rates 1.50% to 6.08%    and variable rates 2.81% to 2.94%) maturing    April 2019 to October 2028	$	1,703,573	$	1,603,643
ASC 815 fair value hedge and other basis adjustments		16,371		9,838
Total other borrowings	$	1,719,944	$	1,613,481

FHLB advances had weighted-average rates of 2.49%  at March 31, 2019 and 2.56% at December 31, 2018.  Investment securities and residential real estate loans collateralize these borrowings up to 140%  of outstanding debt.

Contractual maturities of FHLB advances at March 31, 2019 were as follows:

(dollars in thousands)
Due in 2019	$	126,408
Due in 2020		100,000
Due in 2021		20,000
Due in 2022		57,000
Due in 2023		164
Thereafter		1,400,001
ASC 815 fair value hedge and other basis adjustments		16,371
Total	$	1,719,944