Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 136

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 136
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,807 — (2,485)— 11,322 Other securities311,973 760 (12,950)— 299,783 Total available-for-sale securities$8,480,508 $6,987 $(897,516)$(131,520)$7,458,459 (1)    Basis adjustments represent the amount of fair value hedging adjustments included in the carrying amounts of fixed-rate investment securities assets designated in fair value hedging arrangements. See Note 15 to the consolidated financial statements for additional information regarding these derivative financial instruments.

16

The following table summarizes the amortized cost and fair value of the held-to-maturity investment securities portfolio and the corresponding amounts of gross unrecognized gains and losses.(dollars in thousands)AmortizedCostUnrecognizedGainsUnrecognizedLossesFairValueSeptember 30, 2025   Held-to-MaturityU.S. government-sponsored entities and agencies$838,535 $— $(132,641)$705,894 Mortgage-backed securities - Agency925,192 — (130,879)794,313 States and political subdivisions1,146,638 182 (128,205)1,018,615 Allowance for securities held-to-maturity(150)— — (150)Total held-to-maturity securities$2,910,215 $182 $(391,725)$2,518,672 December 31, 2024Held-to-MaturityU.S. government-sponsored entities and agencies$832,984 $— $(168,653)$664,331 Mortgage-backed securities - Agency970,212 — (169,546)800,666 States and political subdivisions1,151,835 317 (145,861)1,006,291 Allowance for securities held-to-maturity(150)— — (150)Total held-to-maturity securities$2,954,881 $317 $(484,060)$2,471,138 Substantially all of the mortgage-backed securities in the investment portfolio are residential mortgage-backed securities.Proceeds from sales or calls of available-for-sale investment securities and the resulting realized gains and realized losses were as follows:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(dollars in thousands)2025202420252024Proceeds$57,784 $22,545 $2,221,229