v3.21.1

Long-Term Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Debt Disclosure [Abstract] |
Schedule of long-term debt | The table below summarizes the terms of each issuance of junior subordinated notes outstanding as of the dates indicated:
(in thousands) |  | Face Value |  | Book Value |  | Interest Rate |  | Rate |  | Maturity Date |  | Callable Date
March 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
ATBancorp Statutory Trust I |  | $ | 7,732 |  |  | $ | 6,859 |  |  | Three-month LIBOR + 1.68% |  | 1.86 | % |  | 06/15/2036 |  | 06/15/2011
ATBancorp Statutory Trust II |  | 12,372 |  |  | 10,864 |  |  | Three-month LIBOR + 1.65% |  | 1.83 | % |  | 09/15/2037 |  | 06/15/2012
Barron Investment Capital Trust I |  | 2,062 |  |  | 1,775 |  |  | Three-month LIBOR + 2.15% |  | 2.35 | % |  | 09/23/2036 |  | 09/23/2011
Central Bancshares Capital Trust II |  | 7,217 |  |  | 6,845 |  |  | Three-month LIBOR + 3.50% |  | 3.68 | % |  | 03/15/2038 |  | 03/15/2013
MidWestOne Statutory Trust II |  | 15,464 |  |  | 15,464 |  |  | Three-month LIBOR + 1.59% |  | 1.77 | % |  | 12/15/2037 |  | 12/15/2012
Total |  | $ | 44,847 |  |  | $ | 41,807 |  |  |  |  |  |  |  |  |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
ATBancorp Statutory Trust I |  | $ | 7,732 |  |  | $ | 6,850 |  |  | Three-month LIBOR + 1.68% |  | 1.90 | % |  | 06/15/2036 |  | 06/15/2011
ATBancorp Statutory Trust II |  | 12,372 |  | 10,850 |  | Three-month LIBOR + 1.65% |  | 1.87 | % |  | 09/15/2037 |  | 06/15/2012
Barron Investment Capital Trust I |  | 2,062 |  |  | 1,767 |  |  | Three-month LIBOR + 2.15% |  | 2.39 | % |  | 09/23/2036 |  | 09/23/2011
Central Bancshares Capital Trust II |  | 7,217 |  |  | 6,832 |  |  | Three-month LIBOR + 3.50% |  | 3.72 | % |  | 03/15/2038 |  | 03/15/2013
MidWestOne Statutory Trust II |  | 15,464 |  |  | 15,464 |  |  | Three-month LIBOR + 1.59% |  | 1.81 | % |  | 12/15/2037 |  | 12/15/2012
Total |  | $ | 44,847 |  |  | $ | 41,763 |  |  |  |  |  |  |  |  |
Long-term borrowings were as follows as of March 31, 2021 and December 31, 2020:
| March 31, 2021 |  | December 31, 2020
(in thousands) | Weighted Average Rate |  | Balance |  | Weighted Average Rate |  | Balance
Finance lease payable | 8.89 | % |  | $ | 1,061 |  |  | 8.89 | % |  | $ | 1,096 |
FHLB borrowings | 1.90 |  |  | 84,174 |  |  | 1.92 |  |  | 91,198 |
Total | 1.99 | % |  | $ | 85,235 |  |  | 2.00 | % |  | $ | 92,294 |
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank | As of March 31, 2021, FHLB borrowings were as follows:
(in thousands) |  | Weighted Average Rate |  | Amount
Due in 2021 |  | 0.76 | % |  | $ | 36,000 |
Due in 2022 |  | 2.68 | % |  | 31,000 |
Due in 2023 |  | 2.79 | % |  | 11,000 |
Due in 2024 |  | 3.15 | % |  | 6,000 |
Total |  |  |  | 84,000 |
Valuation adjustment from acquisition accounting |  |  |  | 174 |
Total |  |  |  | $ | 84,174 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
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://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=119993939&loc=d3e28541-108399 Reference 3: 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=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: 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=119993939&loc=d3e28551-108399 Reference 6: 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=109259400&loc=d3e21521-112644 Reference 7: 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=109259400&loc=d3e21538-112644 Reference 8: 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=75038535&loc=d3e64711-112823 Reference 9: 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 10: 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=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration