Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 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
June 30, 2020
ATBancorp Statutory Trust I	$	7,732	$	6,832	Three-month LIBOR + 1.68%	1.99	%	06/15/2036	06/15/2011
ATBancorp Statutory Trust II	12,372		10,821		Three-month LIBOR + 1.65%	1.96	%	06/15/2037	06/15/2012
Barron Investment Capital Trust I	2,062		1,750		Three-month LIBOR + 2.15%	2.46	%	09/23/2036	09/23/2011
Central Bancshares Capital Trust II	7,217		6,808		Three-month LIBOR + 3.50%	3.81	%	03/15/2038	03/15/2013
MidWestOne Statutory Trust II	15,464		15,464		Three-month LIBOR + 1.59%	1.90	%	12/15/2037	12/15/2012
Total	$	44,847	$	41,675
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
Barron Investment Capital Trust I	2,062		1,732		Three-month LIBOR + 2.15%	4.08	%	09/23/2036	09/23/2011
Central Bancshares Capital Trust II	7,217		6,783		Three-month LIBOR + 3.50%	5.39	%	03/15/2038	03/15/2013
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 June 30, 2020 and December 31, 2019:

	June 30, 2020				December 31, 2019
(in thousands)	Weighted Average Rate		Balance		Weighted Average Rate		Balance
Finance lease payable	8.89	%	$	1,162	8.89	%	$	1,224
FHLB borrowings	1.92		108,246		2.25		145,700
Notes payable to unaffiliated bank	1.93		28,000		3.44		32,250
Total	1.98	%	$	137,408	2.51	%	$	179,174