Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 180

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 180
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)(0.8)%Money market11,638,653 11,875,192 (236,539)(2.0)%Time deposits7,256,941 6,755,739 501,202 7.4 %Total deposits41,034,572 40,823,560 211,012 0.5 %Wholesale borrowings:Federal funds purchased and interbank borrowings170 385 (215)(55.8)%Securities sold under agreements to repurchase290,256 268,975 21,281 7.9 %Federal Home Loan Bank advances4,514,354 4,452,559 61,795 1.4 %Other borrowings642,274 689,618 (47,344)(6.9)%Total wholesale borrowings5,447,054 5,411,537 35,517 0.7 %Total funding$46,481,626 $46,235,097 $246,529 0.5 %

The increase in total deposits was due to organic growth. We use wholesale funding to augment deposit funding and to help maintain our desired interest rate risk position. Wholesale funding as a percentage of total funding was 12% at both March 31, 2025 and December 31, 2024.

Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities at March 31, 2025 decreased $115.2 million compared to December 31, 2024 primarily due to incentive payments during the three months ended March 31, 2025 and lower derivative liabilities.

Capital 

Shareholders’ equity totaled $6.5 billion at March 31, 2025 and $6.3 billion at December 31, 2024. Retained earnings and changes in unrealized losses on available-for-sale investment securities were partially offset by dividends during the three months ended March 31, 2025.

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Capital Adequacy

Old National and the banking industry are subject to various regulatory capital requirements administered by the federal banking agencies. At March 31, 2025, Old National and its bank subsidiary exceeded the regulatory minimums and Old National Bank met the regulatory definition of “well-capitalized” based on the most recent regulatory definition.

Old National’s consolidated capital position remains strong as evidenced by the following key industry ratios. 

RegulatoryGuidelinesMinimumPromptCorrectiveAction "