Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 163

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 163
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 and unamortized prepayment fees5,718 Total$5,835,918 

35

NOTE 12 – OTHER BORROWINGS

The following table summarizes Old National’s other borrowings:(dollars in thousands)June 30,2025December 31, 2024Old National Bancorp:  Subordinated debentures (fixed rate 5.88%) maturing September 2026$150,000 $150,000 Subordinated debentures (fixed rate 9.69%) maturing June 203030,000 30,000 Junior subordinated debentures (rates of 5.98% to 8.12%) maturing   July 2031 to September 2037198,499 136,643 Other basis adjustments10,470 13,049 Old National Bank:Finance lease liabilities21,207 24,822 Subordinated debentures (3-month Secured Overnight Financing   Rate (“SOFR”) plus 4.618%; variable rate 8.90%) maturing October 202512,000 12,000 Leveraged loans for NMTC (fixed rates of 1.00% to 7.25%)    maturing December 2027 to June 2060398,493 210,251 Other (1)51,628 112,853 Total other borrowings$872,297 $689,618 (1)Includes overnight borrowings to collateralize certain derivative positions totaling $51.6 million at June 30, 2025 and $112.8 million at December 31, 2024.Contractual maturities of other borrowings at June 30, 2025 were as follows:(dollars in thousands) Due in 2025$67,580 Due in 2026151,976 Due in 202718,783 Due in 20281,846 Due in 20291,059 Thereafter620,553 Unamortized debt issuance costs and other basis adjustments10,500 Total$872,297 Junior Subordinated DebenturesJunior subordinated debentures related to trust preferred securities are classified in “other borrowings” and qualify as Tier 2 capital for regulatory purposes, subject to certain limitations.Through various mergers and acquisitions, Old National assumed junior subordinated debenture obligations related to various trusts that issued trust