Other Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Other Borrowings

The following table summarizes Old National’s other borrowings at December 31:

	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 bank notes		(715	)		(870	)
Junior subordinated debentures (variable rates    of 3.49% to 5.62%) maturing April 2032    to June 2037		52,310			60,310
Other basis adjustments		(2,833	)		(3,046	)
Old National Bank:
Finance lease liabilities		7,406			5,262
Subordinated debentures (fixed rate 5.75%)		12,000			12,000
Other		517			(773	)
Total other borrowings	$	243,685		$	247,883

Contractual Maturities of Other Borrowings

Contractual maturities of other borrowings at December 31, 2019 were as follows:

(dollars in thousands)
Due in 2020	$	499
Due in 2021		524
Due in 2022		553
Due in 2023		591
Due in 2024		175,643
Thereafter		68,906
Unamortized debt issuance costs and other    basis adjustments		(3,031	)
Total	$	243,685

Junior Subordinated Debt [Member]

Other Borrowings

The following table summarizes the terms of our outstanding junior subordinated debentures as of December 31, 2019:

(dollars in thousands)					Rate at
		Issuance			December 31,
Name of Trust	Issuance Date	Amount		Rate	2019	Maturity Date
VFSC Capital Trust I	April 2002	$	3,093	6-month LIBOR plus 3.70%	5.62%	April 22, 2032
VFSC Capital Trust II	October 2002		4,124	3-month LIBOR plus 3.45%	5.36%	November 7, 2032
VFSC Capital Trust III	April 2004		3,093	3-month LIBOR plus 2.80%	4.71%	September 8, 2034
St. Joseph Capital Trust II	March 2005		5,000	3-month LIBOR plus 1.75%	3.65%	March 17, 2035
Anchor Capital Trust III	August 2005		5,000	3-month LIBOR plus 1.55%	3.49%	September 30, 2035
Home Federal Statutory    Trust I	September 2006		15,000	3-month LIBOR plus 1.65%	3.54%	September 15, 2036
Monroe Bancorp Capital    Trust I	July 2006		3,000	3-month LIBOR plus 1.60%	3.59%	October 7, 2036
Tower Capital Trust 3	December 2006		9,000	3-month LIBOR plus 1.69%	3.60%	March 1, 2037
Monroe Bancorp Statutory    Trust II	March 2007		5,000	3-month LIBOR plus 1.60%	3.49%	June 15, 2037
Total		$	52,310