Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 93

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 93
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7,113 (236)368 9,746 (9,378)Savings deposits(1,318)137 (1,455)(4,204)(232)(3,972)Money market deposits15,738 47,311 (31,573)18,279 99,471 (81,192)Time deposits, excluding brokered    deposits8,812 18,269 (9,457)28,483 48,464 (19,981)Brokered deposits12,765 18,884 (6,119)29,286 41,267 (11,981)Federal funds purchased and interbank    borrowings1,524 2,247 (723)1,155 2,039 (884)Securities sold under agreements to   repurchase119 127 (8)(250)182 (432)FHLB advances9,424 10,199 (775)24,552 26,005 (1,453)Other borrowings441 1,465 (1,024)(5,125)(1,180)(3,945)Total interest expense54,382 105,752 (51,370)92,544 225,762 (133,218)Net interest income$184,716 $124,180 $60,536 $342,100 $215,120 $126,980 

(1)The variance not solely due to rate or volume is allocated equally between the rate and volume variances.

(2)Interest income on investment securities includes taxable equivalent adjustments of $2.6 million and $7.9 million during the three and nine months ended September 30, 2025, respectively, and $2.8 million and $8.4 million during the three and nine months ended September 30, 2024, respectively; using the federal statutory rate in effect of 21%.

(3)Interest income on loans includes taxable equivalent adjustments of $5.4 million and $12.5 million during the three and nine months ended September 30, 2025, respectively, and $3.4 million and $10.4 million during the three and nine months ended September 30, 2024, respectively; using the federal statutory rate in effect of 21%.

The increase in net interest income for the three and nine months ended September