Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 18

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 18
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U.S. government-sponsored entities and agencies$832,984 $— $(168,653)$664,331 Mortgage-backed securities - Agency970,212 — (169,546)800,666 States and political subdivisions1,151,835 317 (145,861)1,006,291 Allowance for securities held-to-maturity(150)— — (150)Total held-to-maturity securities$2,954,881 $317 $(484,060)$2,471,138 Substantially all of the mortgage-backed securities in the investment portfolio are residential mortgage-backed securities.

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Proceeds from sales or calls of available-for-sale investment securities and the resulting realized gains and realized losses were as follows:Three Months EndedMarch 31,(dollars in thousands)20252024Proceeds$70,959 $61,250 Realized gains79 3 Realized losses(155)(19)The table below shows the amortized cost and fair value of the investment securities portfolio by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Weighted average yield is based on amortized cost. March 31, 2025(dollars in thousands)AmortizedCostFairValueWeightedAverageYieldMaturityAvailable-for-Sale   Within one year$264,290 $263,634 3.86 %One to five years3,046,912 2,993,580 4.44 Five to ten years4,122,674 3,545,254 2.47 Beyond ten years1,209,250 951,503 2.65 Total$8,643,126 $7,753,971 3.23 %Held-to-MaturityWithin one year$18,135 $17,958 3.21 %One to five years9,030 8,439 2.24 Five to ten years1,386,527 1,198,525 2.58 Beyond ten years1,529,091 1,260,611 2.74 Total$2,942,783 $2,485,533 2.67 %

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The following table summarizes the available-for-sale investment securities with unrealized losses for which an allowance for credit