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Federal Home Loan Bank Advances
3 Months Ended
Mar. 31, 2020
Federal Home Loan Banks [Abstract]  
Federal Home Loan Bank Advances FEDERAL HOME LOAN BANK ADVANCES
The following table summarizes Old National Bank’s FHLB advances:
(dollars in thousands)March 31,
2020
December 31,
2019
FHLB advances (fixed rates 0.31% to 4.96%
   and variable rates 0.09% to 1.82%) maturing
  April 2020 to January 2030
$2,100,660  $1,800,664  
ASC 815 fair value hedge and other basis adjustments29,603  22,183  
Total other borrowings$2,130,263  $1,822,847  
FHLB advances had weighted-average rates of 1.79%  at March 31, 2020 and 2.19% at December 31, 2019.  Investment securities and residential real estate loans collateralize these borrowings up to 140%  of outstanding debt.
Contractual maturities of FHLB advances at March 31, 2020 were as follows:
(dollars in thousands) 
Due in 2020$125,000  
Due in 202120,000  
Due in 2022130,500  
Due in 2023160  
Due in 2024375,000  
Thereafter1,450,000  
ASC 815 fair value hedge and other basis adjustments29,603  
Total$2,130,263