Federal Home Loan Bank Advances

6 Months Ended

Jun. 30, 2019

Banking And Thrift [Abstract]

Federal Home Loan Bank Advances

NOTE 15 – FEDERAL HOME LOAN BANK ADVANCES

The following table summarizes Old National Bank’s FHLB advances at June 30, 2019 and December 31, 2018:

	June 30,		December 31,
(dollars in thousands)	2019		2018
FHLB advances (fixed rates 1.50% to 4.96%    and variable rates 2.65% to 2.75%) maturing    July 2019 to October 2028	$	1,702,644	$	1,603,643
ASC 815 fair value hedge and other basis adjustments		27,421		9,838
Total other borrowings	$	1,730,065	$	1,613,481

FHLB advances had weighted-average rates of 2.40%  at June 30, 2019 and 2.56% at December 31, 2018.  Investment securities and residential real estate loans collateralize these borrowings up to 140%  of outstanding debt.

Contractual maturities of FHLB advances at June 30, 2019 were as follows:

(dollars in thousands)
Due in 2019	$	25,480
Due in 2020		100,000
Due in 2021		20,000
Due in 2022		157,000
Due in 2023		164
Thereafter		1,400,000
ASC 815 fair value hedge and other basis adjustments		27,421
Total	$	1,730,065