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Other Borrowings (Tables)
3 Months Ended
Mar. 31, 2020
Other Liabilities Disclosure [Abstract]  
Summary of Other Borrowings
The following table summarizes Old National’s other borrowings:
(dollars in thousands)March 31,
2020
December 31,
2019
Old National Bancorp:  
Senior unsecured notes (fixed rate 4.125% maturing August 2024)
$175,000  $175,000  
Unamortized debt issuance costs related to senior unsecured notes(676) (715) 
Junior subordinated debentures (variable rates of
   2.34% to 5.62%) maturing April 2032 to June 2037
45,093  52,310  
Other basis adjustments(3,082) (2,833) 
Old National Bank:
Finance lease liabilities7,284  7,406  
Subordinated debentures (fixed rate 5.75%)
12,000  12,000  
Other495  517  
Total other borrowings$236,114  $243,685  
The following table summarizes the terms of our outstanding junior subordinated debentures:
(dollars in thousands)   Rate at 
Name of TrustIssuance DateIssuance AmountRateMarch 31, 2020Maturity Date
VFSC Capital Trust IApril 2002$3,093  
6-month LIBOR plus 3.70%
5.62%April 22, 2032
St. Joseph Capital Trust IIMarch 20055,000  
3-month LIBOR plus 1.75%
2.59%March 17, 2035
Anchor Capital Trust IIIAugust 20055,000  
3-month LIBOR plus 1.55%
3.00%September 30, 2035
Home Federal Statutory
   Trust I
September 200615,000  
3-month LIBOR plus 1.65%
2.39%September 15, 2036
Monroe Bancorp Capital
   Trust I
July 20063,000  
3-month LIBOR plus 1.60%
3.47%October 7, 2036
Tower Capital Trust 3December 20069,000  
3-month LIBOR plus 1.69%
3.27%March 1, 2037
Monroe Bancorp Statutory
   Trust II
March 20075,000  
3-month LIBOR plus 1.60%
2.34%June 15, 2037
Total$45,093  
Contractual Maturities of Other Borrowings
Contractual maturities of other borrowings at March 31, 2020 were as follows:
(dollars in thousands) 
Due in 2020$376  
Due in 2021524  
Due in 2022553  
Due in 2023591  
Due in 2024175,643  
Thereafter61,690  
Unamortized debt issuance costs and other basis adjustments(3,263) 
Total$236,114