Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 26

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 26
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 loan size.Old National has loan participations, which qualify as participating interests, with other financial institutions. At September 30, 2025, these loans totaled $4.0 billion, of which $2.2 billion had been sold to other financial institutions and $1.8 billion was retained by Old National. The loan participations convey proportionate ownership rights with equal priority to each participating interest holder; involve no recourse (other than ordinary representations and warranties) to, or subordination by, any participating interest holder; all cash flows are divided 

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among the participating interest holders in proportion to each holder’s share of ownership; and no holder has the right to pledge the entire financial asset unless all participating interest holders agree.The loan categories used to monitor and analyze interest income and yields are different than the portfolio segments used to determine the allowance for credit losses on loans. The allowance for credit losses was calculated by pooling loans of similar credit risk characteristics and credit monitoring procedures. The four loan portfolios used to monitor and analyze interest income and yields – commercial, commercial real estate, residential real estate, and consumer – are reclassified into seven segments of loans – commercial, commercial real estate, business banking credit center (“BBCC”), residential real estate, indirect, direct, and home equity for purposes of determining the allowance for credit losses on loans. The commercial and commercial real estate loan categories shown on the balance sheet include the same pool of loans as the commercial, commercial real estate, and BBCC portfolio segments. The consumer loan category shown on the balance sheet is comprised of the same loans in the indirect, direct, and home equity portfolio segments. The portfolio segment reclassifications follow:Balance SheetLine ItemPortfolioSegmentReclassificationsPortfolioSegment AfterReclassifications(dollars in thousands)September 30, 2025Commercial (1)$14,506,375 $(219,588)$14,286,787 Commercial real estate22,083,734 (172,932)21,910,802 BBCCN/A392,520 392,520 Residential real estate8,190,127 — 8,190,127 Consumer3,187,679 (3,187,679)N/AIndirectN/A1,058,734 1,058,734 DirectN/A589,133 589,133 Home equityN/A1,539,812 1,539,812 Total loans (2)$47,967,915 $— $