XML 56 R45.htm IDEA: XBRL DOCUMENT
v3.21.2

Other Borrowings (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Other Liabilities Disclosure [Abstract] |
Summary of Other Borrowings | The following table summarizes Old National’s other borrowings:
(dollars in thousands) | September 30, 2021 |  | December 31, 2020
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 | (442) |  |  | (559) |
Junior subordinated debentures (variable rates of 1.68% to 1.87%) maturing March 2035 to June 2037 | 42,000 |  |  | 42,000 |
Other basis adjustments | (3,082) |  |  | (3,195) |
Old National Bank: |  |  |
Finance lease liabilities | 16,688 |  |  | 11,813 |
Subordinated debentures (variable rate 4.48%) | 12,000 |  |  | 12,000 |
Leveraged loans for NMTC (fixed rates of 1.00% to 1.43%) maturing December 2046 to December 2052 | 25,655 |  |  | 15,300 |
Other | 3,149 |  |  | 428 |
Total other borrowings | $ | 270,968 |  |  | $ | 252,787 |
The following table summarizes the terms of our outstanding junior subordinated debentures:
(dollars in thousands) |  |  |  |  |  | Rate at September 30, 2021 |  |
Name of Trust | Issuance Date |  | Issuance Amount |  | Rate |  | Maturity Date
St. Joseph Capital Trust II | March 2005 |  | $ | 5,000 |  |  | 3-month LIBOR plus 1.75% | 1.87% |  | March 17, 2035
Anchor Capital Trust III | August 2005 |  | 5,000 |  |  | 3-month LIBOR plus 1.55% | 1.68% |  | September 30, 2035
Home Federal Statutory Trust I | September 2006 |  | 15,000 |  |  | 3-month LIBOR plus 1.65% | 1.77% |  | September 15, 2036
Monroe Bancorp Capital Trust I | July 2006 |  | 3,000 |  |  | 3-month LIBOR plus 1.60% | 1.73% |  | October 7, 2036
Tower Capital Trust 3 | December 2006 |  | 9,000 |  |  | 3-month LIBOR plus 1.69% | 1.81% |  | March 1, 2037
Monroe Bancorp Statutory Trust II | March 2007 |  | 5,000 |  |  | 3-month LIBOR plus 1.60% | 1.72% |  | June 15, 2037
Total |  |  | $ | 42,000 |  |  |  |  |  |
Contractual Maturities of Other Borrowings | Contractual maturities of other borrowings at September 30, 2021 were as follows:
(dollars in thousands) |
Due in 2021 | $ | 533 |
Due in 2022 | 2,242 |
Due in 2023 | 2,319 |
Due in 2024 | 177,377 |
Due in 2025 | 2,426 |
Thereafter | 86,446 |
Unamortized debt issuance costs and other basis adjustments | (375) |
Total | $ | 270,968 |

X
- References No definition available. + Details
Name: | us-gaap_OtherLiabilitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration