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Commitments, Contingencies, and Financial Guarantees (Tables)
 6 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Summary of Loan Commitments
The following table summarizes Old National’s other borrowings:
(dollars in thousands)June 30,
2023		December 31,
2022
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(169)(247)
Subordinated debentures (fixed rate 5.875%) maturing September 2026
150,000 150,000 
Junior subordinated debentures (variable rates of
   6.86% to 8.88%) maturing July 2031 to September 2037
136,643 136,643 
Other basis adjustments20,785 23,363 
Old National Bank:
Finance lease liabilities21,346 13,469 
Subordinated debentures (variable rate 9.66%) maturing October 2025
12,000 12,000 
Leveraged loans for NMTC (fixed rates of 1.00% to 1.43%)
   maturing December 2046 to June 2060
143,745 143,187 
Other (1)
155,968 89,588 
Total other borrowings$815,318 $743,003 
(1)Includes overnight borrowings to collateralize certain derivative positions totaling $155.1 million at June 30, 2023 and $88.0 million at December 31, 2022.
The following table summarizes the terms of our outstanding junior subordinated debentures at June 30, 2023:
(dollars in thousands)   
Rate at
June 30,
2023
 
Name of TrustIssuance DateIssuance
Amount		RateMaturity Date
Bridgeview Statutory Trust IJuly 2001$15,464 
3-month LIBOR plus 3.58%
8.88%July 31, 2031
Bridgeview Capital Trust IIDecember 200215,464 
3-month LIBOR plus 3.35%
8.61%January 7, 2033
First Midwest Capital Trust INovember 200337,825 
6.95% fixed
6.95%December 1, 2033
St. Joseph Capital Trust IIMarch 20055,155 
3-month LIBOR plus 1.75%
7.26%March 17, 2035
Northern States Statutory Trust ISeptember 200510,310 
3-month LIBOR plus 1.80%
7.35%September 15, 2035
Anchor Capital Trust IIIAugust 20055,000 
3-month LIBOR plus 1.55%
7.09%September 30, 2035
Great Lakes Statutory Trust IIDecember 20056,186 
3-month LIBOR plus 1.40%
6.95%December 15, 2035
Home Federal Statutory
   Trust I		September 200615,464 
3-month LIBOR plus 1.65%
7.20%September 15, 2036
Monroe Bancorp Capital
   Trust I		July 20063,093 
3-month LIBOR plus 1.60%
6.86%October 7, 2036
Tower Capital Trust 3December 20069,279 
3-month LIBOR plus 1.69%
7.19%March 1, 2037
Monroe Bancorp Statutory
   Trust II		March 20075,155 
3-month LIBOR plus 1.60%
7.15%June 15, 2037
Great Lakes Statutory Trust IIIJune 20078,248 
3-month LIBOR plus 1.70%
7.25%September 15, 2037
Total$136,643 
The following table summarizes Old National Bank’s unfunded loan commitments and standby letters of credit:
(dollars in thousands)June 30,
2023		December 31,
2022
Unfunded loan commitments$9,380,354 $8,979,334 
Standby letters of credit (1)
182,418 174,070 
(1)Notional amount, which represents the maximum amount of future funding requirements. The carrying value was $0.9 million at June 30, 2023 and $0.8 million at December 31, 2022.