Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of long-term debt

The table below summarizes the terms of each issuance of junior subordinated notes outstanding as of the dates indicated:

(in thousands)	Face Value		Book Value		Interest Rate	Rate		Maturity Date	Callable Date
March 31, 2020
ATBancorp Statutory Trust I	$	7,732	$	6,823	Three-month LIBOR + 1.68%	2.42	%	06/15/2036	06/15/2011
ATBancorp Statutory Trust II	12,372		10,808		Three-month LIBOR + 1.65%	2.39	%	06/15/2037	06/15/2012
Central Bancshares Capital Trust II	7,217		6,795		Three-month LIBOR + 3.50%	4.24	%	03/15/2038	03/15/2013
Barron Investment Capital Trust I	2,062		1,741		Three-month LIBOR + 2.15%	3.35	%	09/23/2036	09/23/2011
MidWestOne Statutory Trust II	15,464		15,464		Three-month LIBOR + 1.59%	2.33	%	12/15/2037	12/15/2012
Total	$	44,847	$	41,631
December 31, 2019
ATBancorp Statutory Trust I	$	7,732	$	6,814	Three-month LIBOR + 1.68%	3.57	%	06/15/2036	06/15/2011
ATBancorp Statutory Trust II	12,372		10,794		Three-month LIBOR + 1.65%	3.54	%	09/15/2037	06/15/2012
Central Bancshares Capital Trust II	7,217		6,783		Three-month LIBOR + 3.50%	5.39	%	03/15/2038	03/15/2013
Barron Investment Capital Trust I	2,062		1,732		Three-month LIBOR + 2.15%	4.08	%	09/23/2036	09/23/2011
MidWestOne Statutory Trust II	15,464		15,464		Three-month LIBOR + 1.59%	3.48	%	12/15/2037	12/15/2012
Total	$	44,847	$	41,587

Long-term borrowings were as follows as of March 31, 2020 and December 31, 2019:

	March 31, 2020				December 31, 2019
(in thousands)	Weighted Average Rate		Balance		Weighted Average Rate		Balance
Finance lease payable	8.89	%	$	1,194	8.89	%	$	1,224
FHLB borrowings	2.30		125,673		2.25		145,700
Notes payable to unaffiliated bank	3.11		30,482		3.44		32,250
Total	2.51	%	$	157,349	2.51	%	$	179,174