Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 207

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 2
Chunk 207
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9 million compared to December 31, 2024. Changes in interest rates may impact the number of refinancings and new originations of residential real estate loans. If interest rates decrease in the future, there may be an increase in refinancings and new originations of residential real estate loans. Conversely, future increases in interest rates may result in a decline in the level of refinancings and new originations of residential real estate loans.

Consumer Loans

Consumer loans, including automobile loans, personal, and home equity loans and lines of credit, decreased $35.9 million to $2.9 billion at March 31, 2025 compared to December 31, 2024.

Funding

The following table summarizes Old National’s total funding, comprised of deposits and wholesale borrowings:

(dollars in thousands)March 31,2025December 31, 2024$ Change% ChangeDeposits:Noninterest-bearing demand$9,186,314 $9,399,019 $(212,705)(2.3)%Interest-bearing:Checking and NOW8,237,335 8,040,331 197,004 2.5 %Savings4,715,329 4,753,279 (37,950)(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