Other Borrowings (Tables)

3 Months Ended

Mar. 31, 2022

Other Liabilities Disclosure [Abstract]

Summary of Other Borrowings

The following table summarizes Old National’s other borrowings:

(dollars in thousands)	March 31, 2022		December 31, 2021
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	(364)		(403)
Subordinated debentures (fixed rate 5.875%) maturing September 2026	150,000		—
Junior subordinated debentures (variable rates of    1.84% to 6.95%) maturing July 2031 to September 2037	136,643		42,000
Other basis adjustments	27,231		(3,044)
Old National Bank:
Finance lease liabilities	16,621		17,233
Subordinated debentures (variable rate 4.66%) maturing October 2025	12,000		12,000
Leveraged loans for NMTC (fixed rates of 1.00% to 1.43%)    maturing December 2046 to December 2052	77,550		51,045
Other	2,526		2,839
Total other borrowings	$	597,207	$	296,670

The following table summarizes the terms of our outstanding junior subordinated debentures at March 31, 2022:

(dollars in thousands)					Rate at March 31, 2022
Name of Trust	Issuance Date	Issuance Amount		Rate		Maturity Date
St. Joseph Capital Trust II	March 2005	$	5,155	3-month LIBOR plus 1.75%	2.66%	March 17, 2035
Anchor Capital Trust III	August 2005	5,000		3-month LIBOR plus 1.55%	2.56%	September 30, 2035
Home Federal Statutory    Trust I	September 2006	15,464		3-month LIBOR plus 1.65%	2.48%	September 15, 2036
Monroe Bancorp Capital    Trust I	July 2006	3,093		3-month LIBOR plus 1.60%	1.84%	October 7, 2036
Tower Capital Trust 3	December 2006	9,279		3-month LIBOR plus 1.69%	2.21%	March 1, 2037
Monroe Bancorp Statutory    Trust II	March 2007	5,155		3-month LIBOR plus 1.60%	2.43%	June 15, 2037
First Midwest Capital Trust I	November 2003	37,825		6.95% fixed	6.95%	December 1, 2033
Great Lakes Statutory Trust II	December 2005	6,186		3-month LIBOR plus 1.40%	2.23%	December 15, 2035
Great Lakes Statutory Trust III	June 2007	8,248		3-month LIBOR plus 1.70%	2.53%	September 15, 2037
Northern States Statutory Trust I	September 2005	10,310		3-month LIBOR plus 1.80%	2.63%	September 15, 2035
Bridgeview Statutory Trust I	July 2001	15,464		3-month LIBOR plus 3.58%	3.88%	July 31, 2031
Bridgeview Capital Trust II	December 2002	15,464		3-month LIBOR plus 3.35%	3.58%	January 7, 2033
Total		$	136,643

Contractual Maturities of Other Borrowings

Contractual maturities of other borrowings at March 31, 2022 were as follows:

(dollars in thousands)
Due in 2022	$	1,880
Due in 2023	2,582
Due in 2024	177,649
Due in 2025	14,686
Due in 2026	151,495
Thereafter	219,522
Unamortized debt issuance costs and other basis adjustments	29,393
Total	$	597,207