Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 129

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 129
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ollars in thousands)NonaccrualAmortizedCostNonaccrualWith NoRelatedAllowancePast Due90 Days orMore andAccruingNonaccrualAmortizedCostNonaccrualWith NoRelatedAllowancePast Due90 Days orMore andAccruingCommercial$137,130 $37,783 $2,757 $119,507 $30,551 $861 Commercial real estate227,313 72,612 3,592 233,856 64,453 3,126 BBCC4,962 — — 4,672 — — Residential69,636 — — 60,454 — — Indirect5,447 — 95 5,372 — — Direct3,625 — 313 3,407 — — Home equity21,098 — — 20,711 — 73 Total$469,211 $110,395 $6,757 $447,979 $95,004 $4,060 Interest income recognized on nonaccrual loans was insignificant during the three months ended March 31, 2025 and 2024.

25

When management determines that foreclosure is probable, expected credit losses for collateral dependent loans are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. A loan is considered collateral dependent when the borrower is experiencing financial difficulty, and the loan is expected to be repaid substantially through the operation or sale of the collateral. The class of loan represents the primary collateral type associated with the loan. Significant quarter-over-quarter changes are reflective of changes in nonaccrual status and not necessarily associated with credit quality indicators like appraisal value. The following table presents the amortized cost basis of collateral dependent loans by class of loan:Type of Collateral(dollars in thousands)RealEstateBlanketLienInvestmentSecurities/CashAutoOtherMarch 31, 2025Commercial$19,024 $85,549 $8,062 $6,322 $4,055 Commercial real estate221,604 1,508 1,015 — 126 BBCC3,263 839 338 232 — Residential69,636 — — — — Indirect— — — 5,447 —