Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 119

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 119
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 are considered. These factors include the risk that macroeconomic forecasts of unemployment, gross domestic product, home price index, and the BBB ratio may prove to be more severe and/or prolonged than our baseline forecast due to a variety of considerations. Old National’s activity in the allowance for credit losses on loans by portfolio segment was as follows:(dollars in thousands)Balance atBeginning ofPeriodCharge-offsRecoveriesProvisionfor LoanLossesBalance atEnd ofPeriodThree Months Ended March 31, 2025Commercial$148,722 $(9,311)$1,280 $16,896 $157,587 Commercial real estate200,309 (11,660)270 9,191 198,110 BBCC2,813 (4)300 (414)2,695 Residential real estate22,922 (30)88 1,234 24,214 Indirect8,434 (1,934)439 2,124 9,063 Direct2,304 (1,601)512 838 2,053 Home equity7,018 — 35 1,157 8,210 Total$392,522 $(24,540)$2,924 $31,026 $401,932 Three Months Ended March 31, 2024Commercial$118,333 $(3,659)$334 $8,429 $123,437 Commercial real estate155,099 (6,641)1,035 11,147 160,640 BBCC2,887 (76)18 334 3,163 Residential real estate20,837 — 19 1,043 21,899 Indirect1,236 (1,138)332 788 1,218 Direct3,169 (2,428)487 1,724 2,952 Home equity6,049 (78)45 388 6,404 Total$307,610 $(14,020)$2,270 $23,853 $319,713 Accrued interest receivable on loans is excluded from the estimate of credit losses and totaled $165.8 million at March 31, 2025, compared to $171.6 million at December 31, 2024.

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Unfunded Loan CommitmentsOld National maintains an allowance for credit losses on unfunded