Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 179

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 179
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 million, with a valuation allowance of $58.7 million. Net carrying amount of other real estate owned and other repossessed property totaled $1.2 million at December 31, 2024.

48

The table below provides quantitative information about significant unobservable inputs used in fair value measurements within Level 3 of the fair value hierarchy:(dollars in thousands)Fair ValueValuation TechniquesUnobservable InputRange (Weighted Average) (1)June 30, 2025    Collateral Dependent Loans    Commercial loans$51,725 DiscountedDiscount for type of property,11% - 50% (30%)  cash flowage of appraisal, and current statusCommercial real estate loans108,763 DiscountedDiscount for type of property,0% - 32% (11%)cash flowage of appraisal, and current statusForeclosed AssetsCommercial real estate975 Fair value ofDiscount for type of property,28%collateralage of appraisal, and current statusResidential (2)1,809 Fair value ofDiscount for type of property,24% (24%)collateralage of appraisal, and current statusDecember 31, 2024  Collateral Dependent Loans  Commercial loans$33,658 DiscountedDiscount for type of property,9% - 49% (31%) cash flowage of appraisal, and current statusCommercial real estate loans121,393 DiscountedDiscount for type of property,3% - 46% (18%) cash flowage of appraisal, and current statusForeclosed Assets  Commercial real estate (2)975 Fair value ofDiscount for type of property,28%collateralage of appraisal, and current statusResidential (2)244 Fair value ofDiscount for type of property,24%  collateralage of appraisal, and current status (1)Unobservable inputs were weighted by the relative fair value of the instruments.(2)There was only one foreclosed commercial real estate property at June 30, 2025 and December 31, 2024 with write-downs during the six months ended June 30, 2025 and the year ended December 31, 2024, respectively, so no range or weighted average is reported.Fair Value OptionOld National may elect to report most financial instruments and certain other items at fair value on an instrument-by-instrument basis with changes in fair value reported in net income. After the initial adoption, the