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Other Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2020
Other Liabilities Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The following table summarizes Old National’s other borrowings:
| December 31,
(dollars in thousands) | 2020 |  | 2019
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 | (559) |  |  | (715) |
Junior subordinated debentures (variable rates of 1.80% to 1.98%) maturing March 2035 to June 2037 | 42,000 |  |  | 52,310 |
Other basis adjustments | (3,195) |  |  | (2,833) |
Old National Bank: |  |  |
Finance lease liabilities | 11,813 |  |  | 7,406 |
Subordinated debentures (variable rate 4.57%) | 12,000 |  |  | 12,000 |
Leveraged loans for NMTC (fixed rates of 1.00% to 1.43%) maturing December 2046 to December 2052 | 15,300 |  |  | — |
Other | 428 |  |  | 517 |
Total other borrowings | $ | 252,787 |  |  | $ | 243,685 |
The following table summarizes the terms of our outstanding junior subordinated debentures as of December 31, 2020:
(dollars in thousands) Name of Trust | Issuance Date |  | Issuance Amount |  | Rate | Rate at December 31, 2020 |  | Maturity Date
St. Joseph Capital Trust II | March 2005 |  | $ | 5,000 |  |  | 3-month LIBOR plus 1.75% | 1.98 | % |  | March 17, 2035
Anchor Capital Trust III | August 2005 |  | 5,000 |  |  | 3-month LIBOR plus 1.55% | 1.80 | % |  | September 30, 2035
Home Federal Statutory Trust I | September 2006 |  | 15,000 |  |  | 3-month LIBOR plus 1.65% | 1.87 | % |  | September 15, 2036
Monroe Bancorp Capital Trust I | July 2006 |  | 3,000 |  |  | 3-month LIBOR plus 1.60% | 1.84 | % |  | October 7, 2036
Tower Capital Trust 3 | December 2006 |  | 9,000 |  |  | 3-month LIBOR plus 1.69% | 1.92 | % |  | March 1, 2037
Monroe Bancorp Statutory Trust II | March 2007 |  | 5,000 |  |  | 3-month LIBOR plus 1.60% | 1.82 | % |  | June 15, 2037
Total |  |  | $ | 42,000 |  |  |  |  |  |
Schedule of Maturities of Long-term Debt | Contractual maturities of other borrowings at December 31, 2020 were as follows:
(dollars in thousands) |
Due in 2021 | $ | 1,025 |
Due in 2022 | 1,073 |
Due in 2023 | 1,132 |
Due in 2024 | 176,170 |
Due in 2025 | 1,198 |
Thereafter | 75,515 |
Unamortized debt issuance costs and other basis adjustments | (3,326) |
Total | $ | 252,787 |

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