Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 154

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 154
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Financial LiabilitiesDeposits:Noninterest-bearing demand deposits$9,399,019 $9,399,019 $— $— Checking, NOW, savings, and money market   interest-bearing deposits24,668,802 24,668,802 — — Time deposits6,755,739 — 6,727,453 — Federal funds purchased and interbank borrowings385 385 —— Securities sold under agreements to repurchase268,975 268,975 —— FHLB advances4,452,559 — 4,340,188 — Other borrowings689,618 — 689,246 — Accrued interest payable65,057 — 65,057 — Standby letters of credit1,742 — — 1,742 Off-Balance Sheet Financial InstrumentsCommitments to extend credit$— $— $— $3,403 The methods utilized to measure the fair value of financial instruments at March 31, 2025 and December 31, 2024 represent an approximation of exit price, however, an actual exit price may differ.

NOTE 18 – SEGMENT INFORMATION

Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”) in assessing performance and in deciding how to allocate resources. Old National’s CODM is the Chairman and CEO of the Company. Through our wholly owned banking subsidiary and non-bank affiliates, we provide a wide range of services primarily throughout the Midwest and Southeast regions of the United States and elsewhere, including commercial and consumer loan and depository services, private banking, capital markets, brokerage, wealth management, trust, investment advisory, and other traditional banking services. The Company’s business activities are predominantly similar in their nature, operations, and economic characteristics, largely serving commercial and specialty banking clients with products and services that are offered through overall similar processes and platforms. The accounting policies for the services discussed here are the same as those described in Note 1 to the consolidated financial statements included in Old National’s Annual Report on Form 10-K for the year ended December 31, 2024. We earn interest income on loans as well as fee income from the origination of loans and from fees charged on deposit accounts. Lending activities include loans to individuals, which primarily consist of home equity lines of credit, residential real estate loans, and consumer