Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 231

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 231
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441 6.00 Old National Bank4,308,574 11.57 3,166,120 8.50 2,979,878 8.00 Tier 1 capital to average assetsOld National Bancorp4,247,413 8.83 1,923,360 4.00 N/AN/AOld National Bank4,308,574 8.99 1,916,002 4.00 2,395,003 5.00 (1)“Regulatory Minimum” capital ratios include the 2.5% “capital conservation buffer” required under the Basel III Capital Rules.(2)“Well-capitalized” minimum common equity Tier 1 capital to risk-weighted assets and Tier 1 capital to average assets ratios are not formally defined under applicable banking regulations for bank holding companies.During 2020, the OCC, the Board of Governors of the Federal Reserve System, and the FDIC issued final rules to delay the estimated impact on regulatory capital stemming from the implementation of current expected credit loss (“CECL”) guidance. The final rules provide banking organizations the option to delay for two years an estimate of CECL’s effect on regulatory capital, relative to the incurred loss methodology’s effect on regulatory capital, followed by a three-year transition period (five-year transition option). Old National adopted the capital transition relief over the permissible five-year period.

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NOTE 22 – PARENT COMPANY FINANCIAL STATEMENTS

The following are the condensed parent company only financial statements of Old National:OLD NATIONAL BANCORP (PARENT COMPANY ONLY)CONDENSED BALANCE SHEETS December 31,(dollars in thousands)20242023AssetsDeposits in affiliate bank$299,179 $284,294 Equity securities63,067 51,241 Investment securities - available-for-sale17,363 15,886 Investment in affiliates:Banking subsidiaries6,159,143 5,530,637 Non-banks39,412 44,395 Goodwill59,627 59,506 Other assets136,218 127,540 Total assets$6,774,009 $6,113,499 Liabilities and Shareholders’ EquityOther liabilities$103,967 $70,840 Other borrowings329,692 479,759 Shareholders’ equity6,340,350 5,562,900 Total liabilities and shareholders’ equity