Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 23

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 23
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 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)March 31, 2025Commercial (1)$10,650,615 $(220,149)$10,430,466 Commercial real estate16,135,327 (173,961)15,961,366 BBCCN/A394,110 394,110 Residential real estate6,771,694 — 6,771,694 Consumer2,856,308 (2,856,308)N/AIndirectN/A1,070,536 1,070,536 DirectN/A511,455 511,455 Home equityN/A1,274,317 1,274,317 Total loans (2)$36,413,944 $— $36,413,944 Allowance for credit losses on loans(401,932)— (401,932)Net loans$36,012,012 $— $36,012,012 December 31, 2024Commercial (1)$10,288,560 $(232,301)$10,056,259 Commercial real estate16,307,486 (174,438)16,133,048 BBCCN/A406,739 406,739 Residential real estate6,797,586 — 6,797,586 Consumer2,892,255 (2,892,255)N/AIndirectN/A1,096,778 1,096,778 DirectN/A514,144 514,144 Home equityN/A1,281,333 1,281,333 Total loans (2)$36,285,887 $— $36,285,887 Allowance for credit losses on loans(392