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Commitments, Contingencies, and Financial Guarantees (Tables)
 9 Months Ended
Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Summary of Loan Commitments
The following table summarizes Old National’s other borrowings:
(dollars in thousands)September 30,
2022		December 31,
2021
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(286)(403)
Subordinated debentures (fixed rate 5.875%) maturing September 2026
150,000 — 
Junior subordinated debentures (variable rates of
   4.11% to 6.95%) maturing July 2031 to September 2037
136,643 42,000 
Other basis adjustments24,653 (3,044)
Old National Bank:
Finance lease liabilities15,700 17,233 
Subordinated debentures (variable rate 7.14%) maturing October 2025
12,000 12,000 
Leveraged loans for NMTC (fixed rates of 1.00% to 1.43%)
   maturing December 2046 to June 2058
117,308 51,045 
Other (1)
90,031 2,839 
Total other borrowings$721,049 $296,670 
(1)Includes overnight borrowings to collateralize certain derivative positions totaling $88.2 million at September 30, 2022.
The following table summarizes the terms of our outstanding junior subordinated debentures at September 30, 2022:
(dollars in thousands)   
Rate at
September 30,
2022
 
Name of TrustIssuance DateIssuance
Amount		RateMaturity Date
St. Joseph Capital Trust IIMarch 2005$5,155 
3-month LIBOR plus 1.75%
5.28%March 17, 2035
Anchor Capital Trust IIIAugust 20055,000 
3-month LIBOR plus 1.55%
5.22%September 30, 2035
Home Federal Statutory
   Trust I		September 200615,464 
3-month LIBOR plus 1.65%
4.94%September 15, 2036
Monroe Bancorp Capital
   Trust I		July 20063,093 
3-month LIBOR plus 1.60%
4.11%October 7, 2036
Tower Capital Trust 3December 20069,279 
3-month LIBOR plus 1.69%
4.77%March 1, 2037
Monroe Bancorp Statutory
   Trust II		March 20075,155 
3-month LIBOR plus 1.60%
4.89%June 15, 2037
First Midwest Capital Trust INovember 200337,825 
6.95% fixed
6.95%December 1, 2033
Great Lakes Statutory Trust IIDecember 20056,186 
3-month LIBOR plus 1.40%
4.69%December 15, 2035
Great Lakes Statutory Trust IIIJune 20078,248 
3-month LIBOR plus 1.70%
4.99%September 15, 2037
Northern States Statutory Trust ISeptember 200510,310 
3-month LIBOR plus 1.80%
5.09%September 15, 2035
Bridgeview Statutory Trust IJuly 200115,464 
3-month LIBOR plus 3.58%
6.36%July 31, 2031
Bridgeview Capital Trust IIDecember 200215,464 
3-month LIBOR plus 3.35%
5.86%January 7, 2033
Total$136,643 
The following table summarizes Old National Bank’s unfunded loan commitments and standby letters of credit:
(dollars in thousands)September 30,
2022		December 31,
2021
Unfunded loan commitments$8,124,828 $4,489,238 
Standby letters of credit (1)
173,650 75,726 
(1)Notional amount, which represents the maximum amount of future funding requirements. The carrying value was $0.9 million at September 30, 2022 and $0.5 million at December 31, 2021.