Other Borrowings (Tables)

9 Months Ended

Sep. 30, 2019

Other Borrowings

The following table summarizes Old National’s other borrowings at September 30, 2019 and December 31, 2018:

	September 30,			December 31,
(dollars in thousands)	2019			2018
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		(754	)		(870	)
Junior subordinated debentures (variable rates of    3.44% to 6.31%) maturing April 2032    to June 2037		60,310			60,310
Other basis adjustments		(2,859	)		(3,046	)
Old National Bank:
Finance lease liabilities		7,527			5,262
Subordinated debentures (fixed rate 5.75%)		12,000			12,000
Other		539			(773	)
Total other borrowings	$	251,763		$	247,883

Contractual Maturities of Other Borrowings

Contractual maturities of other borrowings at September 30, 2019 were as follows:

(dollars in thousands)
Due in 2019	$	120
Due in 2020		499
Due in 2021		524
Due in 2022		553
Due in 2023		591
Thereafter		252,550
Unamortized debt issuance costs and other    basis adjustments		(3,074	)
Total	$	251,763

Junior Subordinated Debt [Member]

Other Borrowings

The following table summarizes the terms of our outstanding junior subordinated debentures at September 30, 2019:

(dollars in thousands)					Rate at
		Issuance			September 30,
Name of Trust	Issuance Date	Amount		Rate	2019	Maturity Date
VFSC Capital Trust I	April 2002	$	3,093	6-month LIBOR plus 3.70%	6.31%	April 22, 2032
VFSC Capital Trust II	October 2002		4,124	3-month LIBOR plus 3.45%	5.61%	November 7, 2032
VFSC Capital Trust III	April 2004		3,093	3-month LIBOR plus 2.80%	4.94%	September 8, 2034
St. Joseph Capital Trust II	March 2005		5,000	3-month LIBOR plus 1.75%	3.89%	March 17, 2035
Anchor Capital Trust III	August 2005		5,000	3-month LIBOR plus 1.55%	3.65%	September 30, 2035
Tower Capital Trust 2	December 2005		8,000	3-month LIBOR plus 1.34%	3.44%	December 30, 2035
Home Federal Statutory    Trust I	September 2006		15,000	3-month LIBOR plus 1.65%	3.77%	September 15, 2036
Monroe Bancorp Capital    Trust I	July 2006		3,000	3-month LIBOR plus 1.60%	3.90%	October 7, 2036
Tower Capital Trust 3	December 2006		9,000	3-month LIBOR plus 1.69%	3.82%	March 1, 2037
Monroe Bancorp Statutory    Trust II	March 2007		5,000	3-month LIBOR plus 1.60%	3.72%	June 15, 2037
Total		$	60,310