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Securities Sold Under Agreements to Repurchase
 9 Months Ended
Sep. 30, 2020
Transfers and Servicing [Abstract]  
Securities Sold Under Agreements to Repurchase SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
Securities sold under agreements to repurchase are secured borrowings.  Old National pledges investment securities to secure these borrowings. The following table presents securities sold under agreements to repurchase and related weighted-average interest rates:
At or for the
Nine Months
Ended
September 30,
2020
At
December 31,
2019
At or for the
Nine Months
Ended
September 30,
2019
(dollars in thousands)
Outstanding at period end$399,141 $327,782 $337,551 
Average amount outstanding during the period355,039 N/A344,294 
Maximum amount outstanding at any month-end during the period399,141 N/A367,884 
Weighted-average interest rate:
During the period0.27 %N/A0.80 %
At period end0.12 %0.53 %0.74 %
The following table presents the contractual maturity of our secured borrowings and class of collateral pledged:
 At September 30, 2020
 Remaining Contractual Maturity of the Agreements
(dollars in thousands)Overnight and ContinuousUp to
30 Days		 30-90 DaysGreater Than 90 daysTotal
Repurchase Agreements:     
U.S. Treasury and agency securities$399,141 $— $— $— $399,141 
Total$399,141 $— $— $— $399,141 
The fair value of securities pledged to secure repurchase agreements may decline.  Old National has pledged securities valued at 106% of the gross outstanding balance of repurchase agreements at September 30, 2020 to manage this risk.