Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2023

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:

December 31, 2023	Face Value		Book Value		Interest Rate	Rate		Maturity Date	Callable Date
	(in thousands)
ATBancorp Statutory Trust I	$	7,732	$	6,970	Three-month CME Term SOFR + 0.26% Spread + 1.68% Margin	7.33	%	06/15/2036	06/15/2011
ATBancorp Statutory Trust II	12,372		11,034		Three-month CME Term SOFR + 0.26% Spread + 1.65%	7.30	%	09/15/2037	06/15/2012
Barron Investment Capital Trust I	2,062		1,861		Three-month CME Term SOFR + 0.26% Spread + 2.15%	7.77	%	09/23/2036	09/23/2011
Central Bancshares Capital Trust II	7,217		6,964		Three-month CME Term SOFR + 0.26% Spread + 3.50%	9.15	%	03/15/2038	03/15/2013
MidWestOne Statutory Trust II	15,464		15,464		Three-month CME Term SOFR + 0.26% Spread + 1.59%	7.24	%	12/15/2037	12/15/2012
Total	$	44,847	$	42,293
December 31, 2022
ATBancorp Statutory Trust I	$	7,732	$	6,928	Three-month LIBOR + 1.68%	6.45	%	06/15/2036	06/15/2011
ATBancorp Statutory Trust II	12,372		10,969		Three-month LIBOR + 1.65%	6.42	%	09/15/2037	06/15/2012
Barron Investment Capital Trust I	2,062		1,832		Three-month LIBOR + 2.15%	6.88	%	09/23/2036	09/23/2011
Central Bancshares Capital Trust II	7,217		6,923		Three-month LIBOR + 3.50%	8.27	%	03/15/2038	03/15/2013
MidWestOne Statutory Trust II	15,464		15,464		Three-month LIBOR + 1.59%	6.36	%	12/15/2037	12/15/2012
Total	$	44,847	$	42,116

Other long-term borrowings were as follows as of December 31, 2023 and December 31, 2022:

	December 31, 2023				December 31, 2022
(in thousands)	Weighted Average Rate		Balance		Weighted Average Rate		Balance
Finance lease payable	8.89	%	$	604	8.89	%	$	787
FHLB borrowings	3.11		6,262		2.91		17,301
Notes payable to unaffiliated bank	6.89		10,000		5.67		15,000
Total	5.56	%	$	16,866	4.30	%	$	33,088

Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank

As of December 31, 2023, FHLB borrowings were as follows:

(in thousands)	Weighted Average Rate		Amount
Due in 2024	3.11	%	$	6,250
Valuation adjustment from acquisition accounting			12
Total			$	6,262