The following table summarizes Old National Bank’s FHLB advances:


	December 31,
(dollars in thousands)	2023		2022
FHLB advances (fixed rates 2.19% to 5.51% and variable rates 5.34% to 5.36%) maturing January 2024 to December 2043	$	4,300,528	$	3,850,677
Fair value hedge basis adjustments and unamortized prepayment fees	(19,847)		(21,659)
Total other borrowings	$	4,280,681	$	3,829,018

FHLB advances had weighted-average rates of 3.45% at December 31, 2023 and 3.15% at December 31, 2022. FHLB advances are collateralized by designated assets that may include qualifying commercial real estate loans, residential and multifamily mortgages, home equity loans, and certain investment securities.

At December 31, 2023, total unamortized prepayment fees related to all FHLB advance debt modifications completed in prior years totaled $14.2 million, compared to $20.2 million at December 31, 2022.

Contractual maturities of FHLB advances at December 31, 2023 were as follows:


(dollars in thousands)
Due in 2024	$	125,243
Due in 2025	550,285
Due in 2026	100,000

Due in 2028	850,000
Thereafter	2,675,000
Fair value hedge basis adjustments and unamortized prepayment fees	(19,847)
Total	$	4,280,681