Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 49

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 49
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 ​ | -190,000 | ​ | ​ |
| ​ | To record the purchased credit deteriorated loan CECL gross-up                    | ​ | ​ | ​ | ​ |  110,000 | ​ | ​ |
| ​ | Total adjustment to loans                                                         | ​ | ​ | ​ | $ | -665,000 | ​ | ​ |

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TABLE OF CONTENTS

F) Adjustments to allowance for credit losses that consist of (i) an adjustment to reverse Bremer’s existing allowance for credit losses, (ii) the credit mark on purchased credit deteriorated loans, and (iii) an additional allowance for non-PCD loans under CECL which will be recognized through the income statement of the combined company following the consummation of the mergers, each as reflected in the following table:

| ​ | Adjustments to allowance for credit losses on loans                                                                                             | ​ | ​ | ​ | ​ |        ​ | ​ | ​ |
|:--|:------------------------------------------------------------------------------------------------------------------------------------------------|:--|:--|:--|:--|---------:|:--|:--|
| ​ | Eliminate Bremer’s allowance for credit losses at closing                                                                                       | ​ | ​ | ​ | $ |  105,797 | ​ | ​ |
| ​ | Increase in the allowance for credit losses for gross-up for estimate of lifetime credit losses for purchased credit deteriorated (“PCD”) loans | ​ | ​ | ​ | ​ | -110,000 | ​ | ​ |
| ​ | Total fair value adjustments to allowance for credit losses                                                                                     | ​ | ​ | ​ | ​ |   -4,203 | ​ | ​ |
| ​ | Provision for estimated lifetime credit losses for non-PCD loans                                                                                | ​ | ​ | ​ | ​ |  -80,000 | ​ | ​ |
| ​ | Total transaction accounting adjustments to allowance for credit losses                                                                         | ​ | ​ | ​ | $ |  -84,203 | ​ | ​ |

G) Provision for estimated lifetime credit losses for non-PCD loans of $80,000 to be recorded immediately following consummation of the mergers. H) Adjustments to eliminate Bremer’s historical goodwill of $112,686 and to record estimated goodwill associated with the mergers of $526,402. I) Adjustments to eliminate Bremer’s historical intangible assets of $648 and to record estimated core deposit and customer relationship intangibles associated with the mergers of $499,516. J)